BlissDivorce (2023)

About this raise

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.

Investment Overview

Invested this round:

$268,526 - RegCF
$426,753 -

Deal Terms
Company & Team

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF / RegD 506(c)

Valuation Cap

$8,000,000

Discount

15%

Company

Year Founded: 2019
Industry: Financial & Insurance Products & Services
Tech Sector: Legaltech
Distribution Model: B2C
Margin: High
Capital Intensity: Low
Location: Los Altos, California
Business Type: Growth
Company Website: Visit Website

Team

Employees: 14
Prior Founder Exits?: No

Founder Name: Sheila Tan
Title: CMO and Strategic Advisor

Founder Name: Dan Hirsch
Title: Chief Technology Officer and VP of Product Development

Founder Name: Scott Seidewitz
Title: CEO

Founder Name: Randal Kessler
Title: Spokesperson

Financials

Revenue: $107,725
as of FY2021
Monthly Burn: $44,423
as of FY2021
Runway: 0.2 months
as of FY2021
Gross Margin: 46%
as of FY2021

View Detailed Financials

Summary Profit and Loss Statement

	FY 2021	FY 2020
Revenue	$107,725	$5,898
COGS	$58,000	$3,200
Tax	$0	$0


Net Income	$-533,070	$-598,158

Summary Balance Sheet

	FY 2021	FY 2020
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

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Ratings

Total Prior Capital Raised: $1,123,649
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
01/30/2023	SeedInvest	$8,000,000	$426,753	SAFE	Funded	RegCF / RegD 506(c)
12/06/2022	Wefunder	$10,000,000	$191,327	SAFE	Funded	RegCF
12/16/2020	Wefunder	$8,000,000	$508,749	SAFE	Funded	RegCF

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Revenue
Valuation
Employees

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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View on SeedInvest

SAFE, $8M • Closed

5 Following

Add to Portfolio

35 Invested

Deal Considerations

2
Key Challenges
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Other Risks
- No other risks found

BlissDivorce (2023)

BlissDivorce (2023)

About this raise