Closure, a Rotterdam-based contract cancellation service, announced on Tuesday that it has raised €1.5M in funding from Borski Fund and Rabobank. Early investors, including Kees Jan Rietveld, Lex Geerdes, and Wiegertje Groenveld also participated in the round.
The Dutch scaleup says it will use the funds to support the team’s expansion and roll out to other European countries.
The announcement comes four years after the company raised €300K in a Seed round of funding in November 2018.
Closure: What you need to know
Founded by Chantal van der Velde and Graciëlla van Hamersveld, Closure offers users a digital platform that allows heirs to cancel all their subscriptions, from telephone to social media accounts, in one place. The platform also allows users to transfer them to a different user.