Blog

SingleFile, a company revolutionizing corporate compliance filing processes through AI technology, has secured $6.5 million in funding, adding to its previous rounds totaling $8.6 million, reaching a total funding of $15.1 million. This round, an extension of its seed round, was led by VC firm Foundry Group and saw participation from previous investors alongside new backers, The LegalTech Fund and Underdog Labs. Founded in 2019 as a spin-off from Pioneer Square Labs' Seattle incubator, SingleFile offers a digital platform catering to law firms, corporations, and investor firms, facilitating annual report filing, state-required filings tracking, entity management, and resident agent services. The company's notable growth trajectory led to its recognition as one of five finalists for GeekWire's Startup of the Year award. CEO Aaron Finn highlighted the recent surge in business pipeline, driven by the new beneficial ownership filing requirements introduced by the Corporate Transparency Act (CTA) this year. With an estimated 32 million businesses impacted by the law, SingleFile provides a CTA filing and monitoring service, anticipating further demand as states consider enacting similar legislation, further complicating compliance procedures.

‍