BlissDivorce

Early Stage

Reach a divorce agreement without the time, cost and conflict of attorneys

Overview

Raised to Date:
$266,218 - RegCF
$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

Business Type

Growth

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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BlissDivorce on SeedInvest 2022
$
Platform: SeedInvest
Security Type: SAFE
Valuation: $8,000,000
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