DoughMain, the service that works to combine family coordination and financial education, has completed a $5 million funding that will be used in its launch and expansion. The angel investors were not publicized.
DoughMain Announces Close of $5 Million Funding
Proceeds Support Launch of Family Coordination and Financial Education Platform
PRINCETON, N.J.- 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”
“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.