SimpleClosure, the leading platform offering a seamless and reliable solution for shutting down startups, has successfully raised $15 million in Series A funding. This round, led by TTV Capital, follows a strong showing in its February 2024 seed round and also includes participation from existing investors such as Infinity Ventures, Anthemis, and Vera Equity. New investors The LegalTech Fund and Carta, along with additional angel investors, have further bolstered the company’s growth.
This new round of funding brings SimpleClosure’s total capital raised to over $20 million. The funding comes at a crucial time when many startups are grappling with delayed IPOs, stalled mergers and acquisitions, and growing uncertainty in the economy, potentially leading to more shutdowns.
Scaling Up During Challenging Times
With the additional capital, SimpleClosure aims to expand its services, ensuring that startups facing closure can do so with ease and minimal legal and financial complexities. As the economic landscape shifts, SimpleClosure’s mission to simplify the shutdown process for entrepreneurs is more relevant than ever, offering them a dignified exit in challenging times.
