Tuesday, May 3, 2011
Local Angels Fund Troopswap.com
A set of three, well known Los Angeles investors with military connections are funding a new startup, Troopswap.com, focused on providing daily deals to the military community. According to Troopswap.com, based in Hampton Road, Virginia, it has scored $585,000 in private funding from investors that include Frank Monestere, President/COO of Legalzoom.com, Paige Craig, CEO of BetterWorks.com, and Kelly Perdew, CEO of FastPointGames. All three have a background in the U.S. military. Monestere is a former Green Beret; Craig is a former Marine; and Perdew is a former Army Ranger. Troopswap.com said it will provide daily deals for military members, including veterans, service members, spouses and their families. The site said it will donate 10% of TroopSwap.com's profits to the Wounded Warrior Project, and also employ military spouses and veterans for community outreach. As part of the funding, Kelly Perdew joins the company's board of directors. More information »