BlissDivorce

BlissDivorce

Early Stage

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

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

Overview

Raised this Round:
$268,526 - RegCF
$426,753 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

12/18/2022

Close Date

01/30/2023

Min. Goal
$250,000
Max. Goal
$4,295,024
Min. Investment

$1,000

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$8,000,000

Discount

15%

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

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

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

Financials as of: 12/18/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
BlissDivorce 01/29/2023 SeedInvest $8,000,000 $426,753 SAFE Funded RegCF / RegD 506(c)
BlissDivorce 12/05/2022 Wefunder $10,000,000 $191,327 SAFE Funded RegCF
BlissDivorce 12/15/2020 Wefunder $8,000,000 $508,749 SAFE Funded RegCF
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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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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

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Warning: according to the close date for this deal, BlissDivorce may no longer be accepting investments.

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