SingleFile Secures $9 Million Series A Funding to Innovate Legal Compliance Tech

SingleFile Secures $9 Million in Series A Funding

SingleFile, a trailblazing technology company specializing in legal and compliance solutions, recently announced that it has successfully completed a Series A funding round, raising an impressive $9 million. This significant financial injection elevates the company's total funding to over $24 million, highlighting its rapid ascent in the tech landscape since its inception in 2019. The funding not only propels SingleFile's growth trajectory but also reflects strong investor confidence in its mission to revolutionize compliance processes for businesses.

The funding round was spearheaded by Foundry Group, a prominent venture capital firm, alongside contributions from existing stakeholders such as Pioneer Square Labs and The LegalTech Fund. Additionally, several prestigious law firms including Wilson Sonsini, Cooley, and DLA Piper participated in this funding effort. This remarkable endorsement from notable figures in the legal industry serves to bolster SingleFile's reputation as a leader in compliance technology.

"With over 60 law firms, including 33 from the AmLaw 200, and a client base exceeding 4,000 customers, this funding round is a pivotal moment for us," said Aaron Finn, CEO of SingleFile, emphasizing the company's potential for continued innovation and expansion in the legal tech sector. Under Finn's guidance, SingleFile aims to significantly enhance its platform capabilities while providing added value to its users.

The newly raised capital will also enable SingleFile to scale its operations efficiently. In response to its growth ambitions, the company has expanded its executive leadership team by appointing Mindy Lauck as Chief Product Officer, and Teresa Kotwis as Chief Financial Officer. Both bring extensive experience and skills that are expected to drive SingleFile toward achieving its strategic goals.

SingleFile's dedication to creating user-friendly solutions is encapsulated in its widely recognized Corporate Transparency Act solution, launched in 2024, which has gained traction by simplifying complex regulatory filings across multiple jurisdictions. The platform’s streamlined processes not only save time but also enhance accuracy in compliance, qualities that are highly sought after by businesses in various sectors.

Jaclyn Freeman Hester, Partner at Foundry, remarked on the potential of SingleFile, stating, "The company possesses all the hallmarks of a generational business— a compelling product that delivers exceptional value, an effective distribution model, and impressive SaaS metrics." Her affirmation reflects a robust expectation for SingleFile’s future, affirming the company's position at the forefront of compliance technology.

Since its establishment, SingleFile has been instrumental in aiding thousands of businesses in managing compliance more effectively by handling tens of thousands of legal entities. The company is renowned for its customer-centric approach, focusing on innovation and impeccable service. Its clients encompass a diverse array of sectors, including legal, venture capital, private equity, and real estate, indicating its versatile implementation across various fields relying on legal entities.

Operating remotely with its roots in Seattle, SingleFile is dedicated to providing automated solutions that facilitate navigation through complex regulatory challenges. The firm's commitment to innovation not only ensures compliance but also empowers businesses to concentrate on their growth objectives without the burden of regulatory complexities.

As the legal landscape continues to evolve, SingleFile is positioned well to make a comprehensive impact with its innovative offerings, further establishing its footprint in the compliance technology sector. The successful Series A funding round marks a new revolution for the company, enabling it to pursue its mission with renewed vigor and strategic foresight.

For further information regarding SingleFile's innovative compliance solutions, please visit www.singlefile.ai or reach out directly to their media contact, Stacy DeLong, at stacy.delong@singlefile.ai or call +1 (800) 391-9869.