BlissDivorce
Reach a divorce agreement without the time, cost and conflict of attorneys
Overview
$266,218 - RegCF
$424,445 - Total
$424,445 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
12/19/2022
Close Date
01/30/2023
Min. Goal
$250,000
Max. Goal
$4,295,024
Min. Investment
$1,000
Security Type
SAFE
Series
Pre-Seed
Funding Type
RegCF / RegD 506(c)
Valuation Cap
$8,000,000
Discount Rate
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/01/2023
Days Remaining
Funded
% of Min. Goal
106%
% of Max. Goal
6%
Likelihood of Max
Funded
Avg. Daily Raise
$6,339
Momentum
Funded
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Location
Los Altos, California
Industry
Financial & Insurance Products & Services
Tech Sector
Legaltech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
BlissDivorce, with a valuation of $30million, is raising funds on SeedInvest. The company has developed a platform for couples to reach a divorce agreement without the cost, time, and conflict of attorneys. The platform uses AI-based online dispute resolution technology to guide couples through a convenient process during their divorce. BlissDivorce enables people to get divorced ten months faster and for $20,000 less compared to attorney costs. Scott Seidewitz, Dan Hirsch, Sheila Tan, and Randall Kessler founded BlissDivorce in January 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for engineering hires, customer marketing expenses and customer care hires.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$107,725 |
$5,898 |
|
COGS |
$58,000 |
$3,200 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-533,070 |
$-598,158 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,580 |
$146,222 |
|
Accounts Receivable |
$5,899 |
$0 |
|
Total Assets |
$17,874 |
$153,159 |
|
Short-Term Debt |
$334,736 |
$68,739 |
|
Long-Term Debt |
$1,053,280 |
$921,492 |
|
Total Liabilities |
$1,388,016 |
$990,231 |
Financials as of: 12/19/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| BlissDivorce | 01/30/2023 | SeedInvest | $8,000,000 | $424,445 | SAFE | Funded | RegCF / RegD 506(c) |
| BlissDivorce | 12/06/2022 | Wefunder | $10,000,000 | $191,327 | SAFE | Funded | RegCF |
| BlissDivorce | 12/16/2020 | Wefunder | $8,000,000 | $508,749 | SAFE | Funded | RegCF |
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