Why We Invested in SimpleClosure

We are excited to announce our investment in SimpleClosure, a company transforming how startups and small businesses wind down. While startup formation has become increasingly streamlined and supported, shutting down a company has remained notoriously complex, time-consuming, and emotionally draining. SimpleClosure is solving this overlooked challenge with an automated, full-service platform that makes closing a business simple, compliant, and stress-free.

When SimpleClosure CEO Dori Yona faced the challenge of shutting down his previous company, he found himself completely lost. Despite consulting with lawyers, speaking to accountants, and searching extensively online, he ended up as confused as when he started. The complexity and lack of clear guidance made an already difficult situation even more stressful, ultimately revealing how deeply flawed the shutdown process is. That experience became the catalyst for building SimpleClosure.

SimpleClosure automates and manages every aspect of the shutdown process, from notifying creditors and dissolving the entity with state agencies to handling final tax filings and distributing remaining assets. The platform integrates with key systems such as banking, cap tables, payroll, and accounting tools to give founders a clear and organized offboarding process. What was once a daunting, expensive ordeal can now be completed in days instead of months.

With hundreds of thousands of companies shutting down each year, and countless more in need of managed exits due to changing economic conditions, SimpleClosure is tackling an urgent and growing need. By empowering founders to exit cleanly, the company is not only relieving a major pain point but also helping to preserve reputation, relationships, and mental health.

At The LegalTech Fund, we believe in supporting solutions that bring clarity and simplicity to complex legal and regulatory processes. SimpleClosure’s mission aligns perfectly with this vision. By turning the traditionally murky and manual wind-down process into a seamless, software-driven experience, Dori and his team are pioneering a new standard in how companies close.

We are proud to welcome SimpleClosure to The LegalTech Fund family and look forward to supporting them on their journey!