X2X Inc., a legal tech startup in Yarmouth that bills itself as the TurboTax for divorce, is close to wrapping up a $1 million seed round, according to co-founder Mark MacMahon.
BostInno first reported in a newsletter that MacMahon was in Boston meeting with potential investors, and already counted angel investors Joe Caruso and Dave Anderson and entrepreneur and Maine resident Matt Lauzon as participants in the round.
MacMahon confirmed for Maine Startups Insider that X2X is close to completing its $1 million seed round, but said BostInno did get one thing wrong.
While Caruso and Anderson are investors, he said Lauzon, a Biddeford native and former CEO of two Boston-based startups, is not. However, he is “is actively involved in the company… more details to come on that in the near future,” MacMahon said.
Many of X2X’s other investors are divorce attorneys who immediately identified with the problem the startup is trying to solve, which is the complexity of divorce, MacMahon said. X2X is producing a suite of online tools that will allow separated individuals “to reclaim their lives from daily chaos,” according to its website.
“Interest exceeded expectations, so we will probably go for another round in the very near future,” he said.
The company also counts retired Maine Supreme Court Chief Justice Daniel Wathen and retired Maine Family Court Judge J. David Kennedy as advisors.