Start to finish party planning site Punchbowl has raised $1.5 million in financing from Silicon Valley Bank. This brings Punchbowl’s total funding to $5.5 million.
As we’ve written in the past, Punchbowl’s platform allows users to create beautiful online invitations, stationery and track RSVPs. The startup also provides tools that let you organize an after party and even set a date, via an algorithm that recommends the best date for your party, set up gift registries, save-the-dates, message boards, add gift cards, integrate Google Maps’ to display the location, and share comments, photos, and videos. The company just launched an e-commerce platform for party supplies.
Joan Nevins, the former CFO of Upromise, is joining the Punchbowl Board of Directors. Nevins joins Michael Waxman-Lenz, former GM of American Greetings; and Harry Lin, former GM of Evite.com on the company’s board.
The new funding will be used to expand marketing efforts and provide additional capital for Punchbowl’s eCommerce initiatives.
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