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SimpleClosure

Category: AI in Fintech

An automated platform that simplifies and streamlines the complex process of shutting down a business. SimpleClosure was founded in 2023. The company is led by Dori Yona. Based in Santa Monica, CA, USA. Team size: 30. Total funding raised: $20 million in total across multiple rounds. Latest round: $15 million Series A round secured in May 2025. Key investors include TTV Capital, Infinity Ventures, Anthemis Group, Foxe Capital, Vera Equity, The LegalTech Fund.

Founded
2023
Headquarters
Santa Monica, CA, USA
Team size
30
Total funding
$20 million in total across multiple rounds

Value proposition

To reduce the time, cost, and complexity of business dissolution by automating regulatory, legal, and financial processes, ensuring compliance and peace of mind for founders.

Products and solutions

Automated regulatory and legal filings, Management of financial obligations and tax compliance, Investor communications and fund distribution, Intellectual property and asset management, Post-closure support and record retention

Unique value

SimpleClosure is uniquely focused on automating the dissolution process, a traditionally taboo and underserved niche in the startup lifecycle. The company's origin stems from the founder's personal painful experience of shutting down a previous startup, giving it an authentic mission.

Target customer

Startups and small businesses that are winding down, from bootstrapped LLCs to venture-backed corporations.

Industries served

Technology, Startups, Venture Capital

Technology advantage

The platform combines fintech, legal tech, and AI agents to replace a fragmented, manual process traditionally handled by expensive lawyers and accountants, significantly reducing a months-long process to weeks.

How they differentiate

SimpleClosure differentiates by offering a specialized, tech-driven, all-in-one platform hyper-focused on business shutdowns, which is faster, more cost-effective, and transparent compared to traditional services.

Main competitors

Traditional Law Firms, Accounting Firms, General business formation/legal service platforms (e.g., ZenBusiness, LegalVision)

Key partnerships

Law firms (who use the platform for their clients), Brex

Notable customers

Customers range from small bootstrapped businesses to venture-backed startups that have raised over $10 million, though specific names are not publicly disclosed.

Major milestones

Publicly launched in September 2023. Raised a $1.5 million pre-seed, followed by a $4 million seed round in February 2024. Secured a $15 million Series A funding round in May 2025. Stored personal history and seed funding in less than 24 hours. Achieved significant revenue and customer growth in under a year.

Growth metrics

Achieved seven-figures in annualized revenue within months of public launch. As of May 2024, has worked with over 1,500 founders and distributed over $70 million back to investors, with a 14x growth in revenue post-launch.

Market positioning

Positions itself as the expert, empathetic, and efficient solution for founders navigating the difficult process of closing their company.

Geographic focus

Primarily the United States startup ecosystem.

Patents and IP

No public information available on patents.

About Dori Yona

Dori Yona is a seasoned entrepreneur with a track record of founding and leading multiple companies. He co-founded Hashsnap and Earny Inc., where he served as CEO. Prior to his current role at SimpleClosure, he held senior business development positions at TripActions and Navan, demonstrating his expertise in driving growth and strategic partnerships. His experience in both founding and scaling startups, as well as his background in business development within larger tech companies, provides him with a unique perspective on the challenges and opportunities in the startup ecosystem.

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