September 16, 2008 7:37 AM PDT

$2.1 million for invite start-up MyPunchbowl

by Caroline McCarthy
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Contour Venture Partners is the lead investor in Series A funding for Punchbowl Software, which is behind the event-planning and invitation site MyPunchbowl.

Total cash raised was $2.1 million; the other investors in the round include Intel Capital and eCoast Angels.

Previously, Framingham, Mass.-based Punchbowl Software had raised seed funding from Intel and eCoast.

MyPunchbowl's team said that the fruits of the Series A round will be visible soon, with new features and new hires on the way. But invitation start-ups are in a tough spot; IAC's Evite is as big as most of its smaller competitors combined, and Facebook's "events" application has become popular for casual and large-scale get-togethers.

MyPunchbowl's pitch is that it helps with the entire planning process, not just the invitation, and that there are plenty of people looking for that. "We've seen explosive growth since our first...funding last year," CEO Matt Douglas said in a statement.

Caroline McCarthy, a CNET News staff writer, is a downtown Manhattanite happily addicted to social-media tools and restaurant blogs. Her pre-CNET resume includes interning at an IT security firm and brewing cappuccinos. E-mail Caroline.
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by kennethpdavis September 16, 2008 7:53 AM PDT
This looks pretty nice on the face of it. Almost anything would be better then the cluttered, ad-ridden experience of using evite
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by benjaminstraight September 16, 2008 10:40 AM PDT
Hmm.
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About The Social

CNET News' Caroline McCarthy is a downtown Manhattanite who believes that, despite popular opinion, the Web can actually help your social life. She's happily addicted to fun social-media tools from Twitter to Yelp to Facebook, sends an inordinate number of text messages, and has a tendency to waste time at the office reading restaurant blogs. Here, she explores all facets of the Web's gregarious side, as well as the unique tech culture in her home city of New York. (Don't call it Silicon Alley.)

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