Hello Divorce raises $3.25 million
Hello Divorce, which offers a platform to manage different aspects of the divorce process, has closed a seed investment of $3.25 million led by The Artemis Fund, with participation from Lightbank, Northwestern Mutual Future Ventures, Gaingels, CEAS Investments, CMFG Ventures Discovery Fund, Pitbull Ventures, Chaos Ventures, Sand Hill Angels, and Jack Newton, the CEO and co-founder of Clio.
Founded in 2018 by family law attorney Erin Levine, Hello Divorce provides a platform that allows customers to complete the divorce process exclusively online, complemented by self-service tools, legal and financial resources, and integrated expert help from financial advisors, mediators, and lawyers when needed. The company claims that users will spend one-tenth the cost of the average divorce and complete the process in a third of the time.
Since its inception in 2018, 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 on the way.
“Divorce is a transformational life experience and a significant financial event that has long been overlooked by innovation and often disadvantages women. At its core, Hello Divorce allows people to take better care of themselves and their families during and after a divorce, regardless of income. We led this round because we have high conviction in the unique experience and skill set of this team to build the precise tools needed to minimize the financial and emotional impact of divorce at scale.” – Leslie Goldman, general partner at The Artemis Fund.
“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.” – Erin Levine.