Wednesday, June 1, 2011

PunchTab Picks Up $850,000

PunchTab, which operates an online service to help businesses and websites to create their own, loyalty and rewards programs, has scored $850,000 in a seed funding round. The round included Mohr Davidow Ventures, Embarcadero Ventures, and angel investors Venky Harinarayan, Anand Rajaraman, and Nick Sturiale. PunchTab was founded by Ranjith Kumaran, the co-founder of YouSendIt.com, and Mehdi AitOufkir, also previously at YouSendIt.com. More information »