SingleFile is a legal technology company that provides a digital platform to streamline corporate compliance filings and entity management for businesses, law firms, and investor organizations. Their cloud-based solution automates the process of filing various secretary of state documents, such as formations, annual reports, and certificates of good standing, across all 50 states and the District of Columbia.
SingleFile's platform leverages artificial intelligence technology to simplify filing workflows, minimizing confusion and maximizing efficiency. It incorporates current state rules and guidelines, ensuring compliance and reducing the chances of errors. The platform intelligently utilizes existing data to avoid repetitive data entry, further enhancing the user experience.
SingleFile's business model revolves around offering a comprehensive suite of services, including entity formation, filing services, registered agent services, and monitoring of beneficial ownership changes. Their platform acts as a centralized system of record, enabling companies and law firms to manage and monitor all compliance-related information and activities in one place.
In March 2024, SingleFile completed an extension of its seed round, raising USD 6.5 million and bringing their total funding to USD 15.1 million. The company has experienced steady growth over the past couple of years, with the introduction of the Corporate Transparency Act (CTA) in 2024 driving a surge in their business pipeline due to the new beneficial ownership filing requirements it imposes.
SingleFile acquired a company in August 2022, further expanding their offerings and capabilities. As of March 2024, the company employed around 30 people and aimed to utilize the new funding for product development, user interface improvements, and hiring additional sales, marketing, and support personnel.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.