PunchTab Scores $4.4M For Loyalty Software

Palo Alto-based PunchTab, a developer of a service to help web developers create free, social- and mobile- loyalty programs, said today that it has raised $4.4M in a funding round. The Series A was led bY Mohr Davidow Ventures, and also include CrunchFund, Social+Capital Partners (Chamath Palihapitiya), and Venky Harinarayan, and Anand Rajaraman (both of Kosmix/WalmartLabs). The firm said the funds will go towards developing its loyalty and giveaway platform. More information »