Punchbowl.com Receives $1.5M from Silicon Valley Bank

Punchbowl.com, a Framingham, MA-based company that operates an online store for party planning and digital greeting cards, has secured $1.5m in financing from Silicon Valley Bank (Nasdaq: SIVB).

The company intends to use the funds to expand marketing efforts and eCommerce initiatives.

Founded by Matt Douglas, CEO, and Sean Conta, and backed by Contour Venture Partners, Intel Capital and eCoast Angels, Punchbowl operates Punchbowl.com, which offers free eCards and tools for consumers and professionals to plan celebration with party planning. Last week, the company released Shopping Aisle, an online retail site to shop for supplies, decorations, gift cards and more for Halloween, Thanksgiving, Christmas and birthday parties.



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