Carta abandons startup shutdown business, instead backs SimpleClosure’s $15M Series A

In February of 2024, equity management startup Carta revealed that it was getting into the startup winddown business with a new offering called Carta Conclusions. By December, the company had decided to “retire” that offering, according to a blog post. And now, SimpleClosure, a startup that has described itself as “the Turbo Tax of shutting down,” has announced that Carta is a new investor in its $15 million Series A round. Carta’s decision to shift gears was driven by the realization that it “made more sense to invest and partner with a team laser-focused on solving this problem rather than building in-house,” said Carta spokesperson Amanda Taggart. (It’s also offering its customers a free consultation and a 10% discount on SimpleClosure’s services.) Dori Yona came up with the idea for SimpleClosure when building his last company after being tasked by a board member to create a “shutdown analysis.” The process was so complex, Yona felt compelled to build a software technology plat ... Read full article.