PunchTab Inc., a Menlo Park, CA-based loyalty platform, has closed a $4.4m Series A financing.
The round was led by Mohr Davidow Ventures, with participation from CrunchFund, Chamath Palihapitiya’s The Social+Capital Partnership, and @WalmartLabs’ founders Venky Harinarayan and Anand Rajaraman.
The company intends to use the funding to further develop its loyalty and giveaway platform.
Founded in January 2011 by Ranjith Kumaran and Mehdi Ait Oufkir PunchTab operates a platform that allows over 3,000 bloggers, brands, and businesses to create free social and mobile-enabled loyalty programs. The company recently launched its mobile application, PunchTab Local.
In conjunction with the financing, Mohr Davidow partner Katherine Barr will join founders Ranjith Kumaran and Mehdi Ait Oufkir on PunchTab’s Board of Directors.
02/06/2011: PunchTab Raises $850K in Seed Funding