Menlo Park, Calif. – PunchTab, the developer of a service that helps businesses and website owners create loyalty programs, has raised $850,000 in seed funding.
Investors included Mohr Davidow Ventures, Embarcadero Ventures, and angel investors Venky Harinarayan, Anand Rajaraman and Nick Sturiale.
Founded in January 2011, Menlo Park, Calif.-based PunchTab said its service reached more than 1.2 million consumers in May.
The company will use the funds for additional product development, and to seek partnerships with brands, websites and mobile applications.
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