Topics
Latest
AI
Amazon
Image Credits:Sebastian Gorczowski(opens in a new window)/ Getty Images
Apps
Biotech & Health
Climate
Image Credits:Sebastian Gorczowski(opens in a new window)/ Getty Images
Cloud Computing
commercialism
Crypto
Enterprise
EVs
Fintech
Fundraising
gadget
Gaming
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
Startups
TikTok
transferral
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
newssheet
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
In February of 2024 , equity management startup Carta reveal that it was getting into thestartup winddown businesswith a new offering calledCarta Conclusions .
By December , the caller had decided to “ retire ” that offering , concord toa blog Emily Price Post .
And now , SimpleClosure , a startup that has described itself as “ the Turbo Tax of shutting down , ” has announced that Carta is a raw investor in its $ 15 million Series A rung .
Carta ’s decision to shift gears was driven by the realisation that it “ made more sense to adorn and partner with a team laser - focused on solving this job rather than building in - house , ” state Carta representative Amanda Taggart . ( It ’s alsooffering its customersa gratuitous consultation and a 10 % price reduction on SimpleClosure ’s services . )
Dori Yona fall up with the idea for SimpleClosure when building his last fellowship after being tasked by a board appendage to make a “ shutdown analysis . ” The process was so complex , Yona felt oblige to build a software technology platform to facilitate automatise and streamline the closure process . Demand initially was so great that the untested startup had already crossed seven figures in annualized revenue by February of 2024 , according to Yona .
At that time , SimpleClosure announce that it had raised $ 4 million less than six months after itraised $ 1.5 million in pre - seed funding . In sum , it has raised $ 20.5 million .
TTV Capital led SimpleClosure ’s $ 15 million Series A , which also included participation from be investor Infinity Ventures , Anthemis , and Vera Equity . Besides Carta , new backers included The LegalTech Fund and a group of unnamed angel investor .
“ The reality is that 90 % of startup do n’t make it , and shutting down continue the unspoken but necessary part of entrepreneurship , ” Yona tell . “ We desire company never need us , but if they do , we ’re here to serve them do it the right way . ”
In 2024 , SimpleClosure saw its gross grow by 12x compared to the year prior , agree to Yona .
