SimpleClosure, a company based in Santa Monica, California, has raised $1.5 million in pre-seed funding to simplify the process of winding down a business. The company's platform automates the bureaucratic and manual work involved in closing a business, such as resolving outstanding obligations with customers, state agencies, and team members. The round was led by Michael Vaughan and Jon Pomeranz of Vera Equity, with participation from Rex Salisbury of Cambrian Ventures and other executives and founders from companies such as Plaid, Brex, Nvidia, Sidley Austin LLP, and Gusto.
SimpleClosure was founded by CEO and Founder Dori Yona, who has experience in both the legal and technology industries. The company's mission is to help entrepreneurs close their businesses more easily and efficiently. The funds from this round will be used to build out SimpleClosure's team and scale the product. The company plans to expand its reach to more businesses and make the wind-down process even more seamless.
