Punchbowl® Secures $5.0MM in New Financing to Fuel Growth Strategy

Funding Rounds

Summary

The financing was used to acquire VidHug, Inc.—a best-in-class group video platform—and to make strategic investments in mobile apps for new parents. "We look forward to the next stage of our growth as we continue our mission to develop technology for families for their most important milestones." In a separate release, today Punchbowl also announced the launch of Memento—a new platform to record, make, and preserve memories from the most important days in a family’s life. Efficient in process, thoughtful in approach, and committed to building strong, lasting relationships, our success is measured over the long term by earning the trust of entrepreneurs and their advisors who come to us in their time of need. Headquartered in Southern California with offices throughout the country, SG Credit Partners has provided in excess of $350 million to lower middle market entrepreneurs across a variety of industries.

$ Funding

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Amount $5.0M Total raised
Date June 10, 2021 Announcement date
Investors SaaS Funding, Punchbowl Lead investors
Company http://www.punchbowl.com Funded company

Classifications

industries
HealthTech
applications
E-Commerce

AskAI Classifications

Labels
Financial Technology Credit Solutions SaaS

Linked Companies

SG
$1M to $5M
Punchbowl
$1M to $5M