After quietly scrapping its own startup shutdown solution, Carta is now backing a specialist in the space: SimpleClosure. The equity management giant, which initially entered the shutdown market in early 2024 with a product called Carta Conclusions, officially pulled the plug on that initiative by December. Now, it has joined a $15 million Series A round for SimpleClosure—a startup built specifically to streamline the complex process of winding down startups.
Instead of competing, Carta is now partnering. The company said it made more sense to support a team entirely focused on solving the challenges of closing startups rather than continuing to build an internal solution. Alongside its investment, Carta is offering its own customers a free consultation with SimpleClosure and a 10% discount on its services.
SimpleClosure was founded by Dori Yona, who got the idea after trying to manage the closure process of his previous company. When a board member asked him for a shutdown analysis, Yona realized just how messy, expensive, and confusing the process could be. That pain point became the foundation for a startup designed to make winding down as straightforward as possible.
Billed as the “TurboTax for startup shutdowns,” SimpleClosure offers an automated software platform to guide founders through the maze of legal, financial, and administrative tasks that come with closing a business. The demand for its service has been unexpectedly strong. By February 2024, the company had already surpassed seven figures in annualized revenue.
SimpleClosure’s total funding now stands at $20.5 million. Its Series A round was led by TTV Capital, with participation from Infinity Ventures, Anthemis, Vera Equity, The LegalTech Fund, Carta, and several angel investors.
Yona isn’t shy about the need for a tool like SimpleClosure. “The reality is that 90% of startups don’t make it,” he said. “Shutting down is a tough but necessary part of the entrepreneurial journey. We hope companies never need us—but when they do, we make sure they do it right.”
In 2024 alone, SimpleClosure’s revenue surged 12x year-over-year, highlighting the real—and growing—demand for smarter, more efficient ways to close companies.
