Punchbowl, a Framingham MA-based platform for events, holidays, and life memories, raised $5M in funding.
SG Credit Partners provided the financing.
The financing was used to acquire VidHug, Inc, and to make strategic investments in mobile apps. With the acquisition of VidHug, the company adds innovative technology for asynchronous video, user base that has grown exponentially over the past year, and a new team based in Ontario, Canada.
Led by Matt Douglas, CEO, Punchbowl provides a technology platform for celebrations, holidays, and meaningful life memories. The company runs its platform on Punchbowl.com, Memento.com, a new platform to record, make, and preserve memories from the most important days in a family’s life, and iOS and Android apps. More than 200 million online invitations and digital greeting cards have been sent on Punchbowl, and more than 5 million memories have been shared on Memento.
Punchbowl has also made investments in two New England based apps for new parents:
- Qeepsake, a text message-based parenting journal, and
- pumpspotting, a community-driven breastfeeding and baby feeding support platform.
Punchbowl CEO Matt Douglas has been appointed a Board Observer at Qeepsake and a Board Director at pumpspotting.