SingleFile

Overview
LegalTech?
Product stageSegments
Minimum Viable Product
?
Document automation and notarization tools
?

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.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Seattle WA USA
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 15.1 mn
Last Funding:
USD 6.5 mn (Seed; Mar 2024)
Last valuation:
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