Meet the Company
Arrivant was a mission-driven game studio founded by Meg McWilliams and her team with the vision of creating games that would have a positive impact on the world. The company successfully raised over $5 million in venture capital funding.
This investment enabled them to scale rapidly, growing from a team of three to 30 employees within just six months. As a remote-first organization, Arrivant assembled a global team of talented professionals and was initially on track for continued growth and success.
The Challenge
When ARRIVANT attempted to secure their next tranche of funding, they encountered an unexpected market shift that made continued operations unsustainable. As Meg reflects, "Timing is 80% of success, and the timing just wasn't there for us."
Faced with this reality, the leadership team made the difficult decision to wind down the company. However, they quickly discovered that while numerous resources exist for starting companies, far fewer are available for closing them.
Meg's lawyer quoted a prohibitively high fee for handling the dissolution process, highlighting the financial burden many founders face during shutdown. For a remote-first company with team members distributed globally, dissolution presented additional complexities including jurisdiction-specific paperwork and compliance requirements.
"Not only did SimpleClosure give me peace of mind, but they also gave my investors peace of mind that the company was being properly shut down."
The Solution
Meg's lawyer recommended SimpleClosure as a more cost-effective alternative for managing the shutdown process. From her first conversation with Harris, a team member with legal expertise, Meg felt reassured by SimpleClosure's comprehensive approach. "I was super relieved on the first call with the SimpleClosure team," she remembers.
The platform provided a personalized dissolution plan tailored to ARRIVANT's specific circumstances, creating a clear roadmap for the complex process ahead. Within days of her initial conversation, Meg gained access to the SimpleClosure platform where "everything was personalized for me and laid out with a very clear plan of how to tackle the next steps."
The team's expertise, comprising accountants, lawyers, and founders who had been through shutdowns themselves, gave Meg confidence that she was in capable hands.
The Outcome
SimpleClosure significantly streamlined ARRIVANT's dissolution process, handling the preparation of specific paperwork for each of their global accounts. "One of the big headaches that SimpleClosure saved me was preparing very specific paperwork for each of those accounts to be shut down," Meg explains.
The platform also facilitated communication with investors by creating "all of the official documents we needed to send out to investors and partners like tax write-off paperwork and dissolution documents." This professional handling of the shutdown process provided peace of mind not only to Meg but also to ARRIVANT's investors.
Despite this chapter closing, Meg maintains a positive outlook: "This is not the end of my story, it's just the beginning of my entrepreneurial journey and SimpleClosure was an amazing partner for the next steps of that." By efficiently managing the dissolution process, SimpleClosure enabled Meg to close one chapter properly while preparing to write the next.