Tykoon Raises $1.4M To Help Parents Teach Kids Fiscal Responsibility

Tykoon, a sites that helps families engage children in becoming fiscally responsible, has raised $1.35 million in funding from Doug Lebda, RRE Ventures, Rick Thompson, Chamath Palihapitiya, David Bach, and G. Kennedy Thompson.

Tykoon (currently in private beta) is a new social, personalized financial services platform for families where kids can earn, save, give and spend real money. With Tykoon, parents can implement money management via chores, jobs, allowance, spending and giving. Kids can earn money through jobs, chores, and gifts, save based on goals, spend in a kid safe environment powered by Amazon.com and give to charities via the platform.

Tykoon was co-­‐founded by Doug Lebda and Mark Bruinooge. Lebda founded Lending Tree and is currently the CEO and Chairman of Tree.com. He also served as president and COO of IAC from 2005 to 2008. Bruinooge previously served as an executive at Bank of America focused on ecommerce and digital

The platform is initially targeted towards children ages 8 to 12. Tykoon will be available to the public later this Fall.