Wevorce raises $1.7 mln

Wevorce said Thursday it had raised a $1.7 million seed round from several investors including Foundation Capital and Sam Altman. Total funding for Wevorce to date comes to $2 million. San Mateo-based Wevorce technology platform and a family-centric mediation process that aims to make every divorce amicable.


SAN MATEO, CA–(Marketwired – Nov 21, 2013) – Wevorce (www.Wevorce.com), which offers an innovative technology platform and process to make every divorce amicable, announced today that it has raised a $1.7 million seed round from several investors including Foundation Capital and Sam Altman. This brings the company’s total funding to date to $2 million. The company also announced that it has moved its headquarters to San Mateo, while opening new client-facing offices in San Francisco, Oakland, and Palo Alto, CA, as well as Seattle, WA and Boise, ID. Wevorce now has a total of nine offices including its San Mateo headquarters.
Wevorce is disrupting the $30 billion market for divorce-related services with a technology platform and process that enables its Divorce Architects — mediators with law degrees and advanced Wevorce training — to help clients address the legal, emotional, and financial aspects of divorce. Unlike with the traditional two-attorney system, with Wevorce, both spouses work with a trained mediator known as a Lead Architect. When needed, co-parenting and financial experts join to help couples untangle their biggest challenges. These experts work together seamlessly, with the help of Wevorce technology, to provide the support couples need at every step.
Company founder and CEO Michelle Crosby said that Wevorce plans to use the funding primarily to ramp continued expansion through growth of both its online and in-office services.
“We have been inundated with mediators who are intrigued by our take on amicable divorce and want to get involved,” said Crosby. “We are training them as quickly as possible, so that we can bring this model to more areas of the U.S.”
Charles Moldow, General Partner at Foundation Capital, said, “Wevorce is applying technology in unexpected ways to ease the stressful process of divorce. We’re excited to work with Michelle and the team to help grow the company.”
Wevorce was born out of Crosby’s own traumatic experience as a child of divorce. At the age of nine, she was put on the witness stand to answer a question no child ever should: which parent do you want to live with? Her parents’ court battles lasted 15 years. This experience became the catalyst for the creation of Wevorce, which focuses on keeping families out of court by providing a meaningful alternative to the adversarial legal system. More than 100 families have been through the Wevorce process to date and, in 99 percent of cases, the Wevorce process successfully keeps families out of court.
Divorcing couples interested in learning more can visit www.wevorce.com to sign up for a confidential consultation.
Wevorce client-facing offices are now located at:
201 Spear Street, Ste 1100, San Francisco
142 George Street, San Jose
2225 E. Bayshore Road, Suite 200, Palo Alto
1300 Clay Street Suite 600, Oakland
39899 Balentine Drive, Suite 200, Newark (South Bay)
700 Seventh Avenue Suite 2100, Seattle
2918 Colby Ave #201, Everett
1702 W. Fairview Ave, Boise
All offices can be reached toll-free at 1(855) WEVORCE (938-6723).
About Wevorce
Wevorce is disrupting the $30 billion market for divorce services with an innovative technology platform and step-by-step family-centric mediation process designed to make every divorce amicable. The company was born out of founder Michelle Crosby’s own traumatic experience as a child of divorce. The Wevorce technology platform and methodology have been proven to ensure a better outcome for families, both during and after their divorce. Based in the Bay Area, Wevorce is venture backed by Y Combinator, Foundation Capital and others. Visit www.Wevorce.com.
Wevorce is a trademark of Wevorce, Inc. in the United States and other countries.