SimpleClosure
Automated startup shutdowns — dissolve portfolio companies cleanly
4.3CustomBest for GPs and founders winding down companies without leaving loose ends
Dissolution Wind-Down Portfolio Ops
Overview
SimpleClosure automates the legal and administrative work of winding down a startup: state dissolution filings, creditor and investor notices, final tax filings, data preservation, and distribution of remaining capital. In a power-law business where most investments fail, it gives GPs and founders a clean, documented shutdown path — the company raised a $15M Series A in 2024 and partners with Carta as a recommended wind-down route.
Key features
- Automated state and federal dissolution filings
- Investor and creditor notification workflows
- Final tax filings and K-1 coordination
- Remaining-capital distribution to shareholders
- Records preservation for post-dissolution obligations
Pros
- Turns a months-long legal slog into a guided, tracked process
- Clean shutdowns protect founders and return residual capital to funds
- Far cheaper than running a dissolution through outside counsel
Cons
- Young company with an evolving product
- Complex situations (litigation, foreign subsidiaries) still need counsel