As demand for streamlined dissolutions increases, SimpleClosure opens its platform to VCs to bring transparency and confidence to the dissolution process
SANTA MONICA, Calif.–(BUSINESS WIRE)–SimpleClosure, the easiest and most trustworthy way to shut down your venture-backed startup, announced it has now partnered with more than 1,000 startups through efficient, compliant shutdowns. The milestone underscores growing demand for services that reduce the emotional and operational burden of winding down.
To further extend its impact, SimpleClosure is opening its platform to venture capital firms. VCs can now complete their investment details and access key tax and closure documentation for their portfolio companies, all in one place. This provides greater visibility, simplifies compliance, and ensures every shutdown is fully documented and transparent.
SimpleClosure, which launched in 2023 after CEO and co-founder Dori Yona experienced firsthand how painful and opaque the shutdowns process was, has continued to see accelerating growth driven by interest from both founders and investors.
Industry data shows that nearly 90% of venture-backed startups ultimately shut down, with most closures happening within the first five years. Carta, a partner and investor in SimpleClosure, reported that venture-backed shutdowns rose nearly 60% year-over-year in 2024, signaling a more difficult funding environment. Against this backdrop, SimpleClosure’s growth underscores the need for trusted, specialized services that give founders, investors, and employees peace of mind during a difficult chapter.
Built for venture-backed startups, SimpleClosure delivers concierge services supported by software to handle the full shutdown stack: entity dissolution, investor communications, board resolutions, investor distributions, creditor workflows, vendor releases, record retention, and over 90 other essential steps required for a compliant dissolution.
“Crossing the 1,000-client mark is a testament to the growing need for a faster, more reliable process,” said Dori Yona, CEO and Co-founder at SimpleClosure. “Our team handles the complex filings and communications so founders can focus on their next chapter. We’re honored to support founders close with confidence and integrity.”
“Shutting down a company is never easy, but SimpleClosure has proven that it can streamline and simplify the process for founders,” said Lizzie Hartley, Partner at TTV Capital. “The company’s recent expansion to serve VCs speaks to the need for a centralized platform that offers visibility into portfolio company dissolution status. SimpleClosure is well positioned to become an essential, trusted partner for investors and founders alike.”
About SimpleClosure
SimpleClosure helps venture-backed startups shut down efficiently and 100% compliantly. Their in-house experts guide founders through every step — from filings and compliance to investor and creditor communications — while their platform provides full visibility into what’s been handled and what remains. Today, over 1,500 founders and their stakeholders rely on SimpleClosure.
Contacts
Media Contact
[email protected]
