Your Source for Venture Capital and Private Equity Financings

DoughMain Secures $5M Investment

2011-08-02
Funded by Angel investors, the financing will support the launch and expansion of DoughMain.com.
PRINCETON, NJ, DoughMain, the first and only service to combine family coordination and financial education into one simple and convenient platform, announced today the closing of a $5 million round of investment. Funded by Angel investors, the financing will support the launch and expansion of DoughMain.com.

"Thanks to the substantial response received from investors, we have secured the necessary financing for launch," said Kenneth Damato, president and chief executive officer of DoughMain. "Our goal is to quickly gain acceptance from families nationwide who are looking to coordinate their households more efficiently and teach their children important financial skills."

The DoughMain website is slated to launch Monday, August 1. It will offer a suite of features designed to help families coordinate their lives while empowering them to become better educated about money. Initial services include an integrated family calendar, chore tracker, allowance/rewards tool and three age-relevant gaming websites.

"We have been building a 'Do Good ... For Good' company that will yield significant returns for our shareowners. With the close of this round, DoughMain will begin to meet the needs of busy families everywhere," added Damato.


(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors


Featured Reading