SimpleClosure was founded in 2023 on the idea that winding down a startup shouldn't be chaotic, opaque or a total loss for founders and investors. Since then, it raised just over $20 million from investors including Infinity Ventures, TTV Capital, Anthemis, The LegalTech Fund and Carta Founder and CEO Dori Yona came up with the concept while building his previous company, after a board member asked him to produce a 'shutdown analysis.' The process proved so complex and time-consuming that it sparked the idea for a software platform to automate and streamline company closures. Three years later, Los Angeles-based SimpleClosure is expanding that vision with the launch of Asset Hub, a marketplace designed to help founders recover value from what they've built ' from source code and operational data to domain names and equipment ' rather than letting those assets disappear in the shutdown process. Yona: We've seen strong year-over-year growth in startup shutdown activity over the past...
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