BlissDivorce (2023)

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.

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Investment Overview

Invested this round:
$268,526 - RegCF
$426,753 - Total

Deal Terms

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)    Open SEC Filing

Valuation Cap

$8,000,000

Discount

15%

Company & Team

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

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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Company Funding & Growth

Funding history

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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Growth Charts

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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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.

BlissDivorce Deal Report

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