May 3, 2011
TroopSwap, a startup based in Hampton Roads, VA, has announced the upcoming launch of their daily deal site exclusively for members of the military community, following a round of private funding from investors.
The $585,000 infusion of cash is taking the company from conceptual to actual, with a launch date in Hampton Roads expected before Memorial Day Weekend. The company also announced a new management team led by former Army Rangers and Harvard Business School Alumni Matthew Thompson and Blake Hall and a product team headed by William Kern, formerly of AOL and Mixx.com.
Well-known investors backing the offering include Frank Monestere, former Green Beret and current President/COO of LegalZoom.com; Paige Craig, former Marine and Founder/CEO of Betterworks.com; and Kelly Perdew, former Army Ranger, winner of Season 2 of NBC’s The Apprentice, and CEO of FastPointGames.com (Mr. Perdew also serves on the company’s board).
Daily deal offers are exclusively for military members, defined as veterans, service members, spouses and their families; they hope to eventually provide a platform where military family members can buy and sell goods, find services and generally come together to get tips, advice and best practices from their peers in dealing with the challenges of life in the service.
TroopSwap only employs military spouses and veterans for community outreach, providing much needed employment opportunities for those groups, while 10% of TroopSwap’s profits are donated to the Wounded Warrior Project.
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