Hello Divorce, the legal FinTech platform for more affordable divorces, has raised $3.25m in a seed funding round led by The Artemis Fund.
The round also saw participation from Lightbank, Northwestern Mutual Future Ventures, CEAS Investments, Gaingels and the CEO of Clio Jack Newton.
Founded in 2018, Hello Divorce has developed a platform that allows customers to complete the divorce process exclusively online, complemented by self-service tools, extensive legal and financial resources and integrated expert help from financial advisors, mediators, and lawyers when needed.
The firm said users benefit by spending one-tenth the cost of the average divorce and completing the process in a third of the time, which gives families more time to regroup and thrive.
Hello Divorce’s revenue has grown 100% year over year, with record growth in the third quarter of 2022. The complete divorce tech platform is live in California, Colorado, New York, Texas, and Utah, with other key states in the pipeline.
According to the firm, it will use the funds to further expand nationally and dive deeper into the divorce lifecycle, creating tools and services that offer a bridge to financial independence and emotional well-being
Hello Divorce will also develop its modular platform to scale to a broader range of customers and innovate tech in key areas of opportunity in the family law space to solve problems throughout the lifecycle of divorce.
Hello Divorce CEO and founder Erin Levine said, “In this time of economic uncertainty and increased financial stressors, it’s more imperative than ever that Americans have the opportunity to reorganize their lives without all the stress and mess – especially when divorce is the right choice for themselves and their family.
“Most people can’t afford lawyers, and yet, negotiating the legal system is almost impossible to do on your own. With this funding, we will expand access to an easier, kinder, and less expensive pathway to divorce – one that’s rooted in fairness.
“We’re excited to not only build on our existing platform for the 2 million people who get divorced each year, but to curate an experience that provides a lifeline to the 28 million Americans who are transitioning out of their marriage and into a better next chapter.”
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