GoalSpring Financial, Inc., the San Francisco, CA-based operator of DebtGoal™, an online provider of personal debt management services, closed a $2m Series A funding.
The round was led by Tugboat Ventures of Palo Alto with participation from New Cycle Capital and Ed Ojdana, founder of FreeCreditReport.com.
Including an earlier seed round led by New Cycle Capital, this brings the total financing of the company to approximately $3.1m.
In conjunction with the funding, Ed Ojdana and Dave Whorton, a venture partner at Tugboat Ventures, recently joined the company’s board of directors.
As stated by DebtGoal CEO Scott Crawford, this latest investment will help the company continue to grow and expand our debt management services”.
Launched in December 2008, the service provides online tools that empower borrowers to pay off debt as quickly as possible.