While Crosby said she expects 3,500 people will begin their divorce on Wevorce this year, Fran Hauser, a partner at Rothenberg Ventures, wondered how many users would complete the process on the platform.
According to Crosby, the start-up has a 98 percent settlement rate, and "we're doing it in a quarter of the time and a third of the cost. And we've had over $40 million in assets run through the platform."
But angel investor Nat Burgess was concerned that the decreased legal fees would deter lawyers from working with Wevorce.
Crosby said her software saves attorneys 60 percent of the time typically spent on a case, and helps its attorneys with marketing. "They're actually getting a much higher net margin return when they are working with us," she said.
Since its launch in November 2013, the Boise, Idaho-based start-up has raised $7 million in funding. Key investors include Silicon Valley accelerator, Y Combinator, and Techstars Ventures.
Crosby said the funds will be used to scale the company and "create partnerships that provide Wevorce products and services to others."