Los Angeles Investor Backs DoughMain

A new, financial education and family organization website, DoughMain, said yetserday that it has raised funding from a private equity fund managed out of Los Angeles and Boston. DoughMain, which did not disclose details of its funding, said that the private equity fund, managing the funds of Lee Iacocca's family, backed it in its second round of funding. DoughMain provides a combination of financial education and online organizational tools for families. The firm said it has added Ned Hentz, the son-in-law of Iacocca, as its Chief Creative Officer and board member of the firm as part of the investment. DoughMain is based in Princeton, New Jersey. More information »