SimpleClosure Streamlines Business Shutdowns with $4M Seed Funding

SimpleClosure, a Santa Monica-based startup, has secured $4M in seed funding to further develop its automated platform for simplifying the process of shutting down businesses. Led by Infinity Ventures, the funding round also saw participation from Anthemis Group, Foxe Capital, and existing investors. CEO Dori Yona leads the company in leveraging legal tech and AI to automate bureaucratic and manual tasks involved in winding down a business. SimpleClosure has experienced rapid growth since its launch, with a significant increase in revenue and customer base. The majority of its customers range from bootstrapped businesses to well-funded startups, showcasing the broad appeal of its services. With plans to expand its team and enhance its go-to-market strategy, SimpleClosure is poised for continued success in the business closure industry.