MyPunchbowl is a social network niche that focuses on event planning.  The Massachusetts start-up company gives users the ability to set-up events and track the guest list.  What makes MyPunchbowl unique from Facebook Events and evite.com is that they send out an e-mail to guests asking what dates works best for them.  Then the organizer is notified which date is ideal based on the “Pick-A-Date” algorithm.  This idea works well for investors as MyPunchbowl has just raised their Series A.

Contour Venture Partners is the lead investor in this round.  Intel Capital and eCoast Angels also participated in this round.  MyPunchbowl plans on using the funding to hire additional employees and create new features.  “We’ve seen explosive growth since our first round of funding last year,”
stated Punchbowl Software CEO Matt Douglas in a press release. “This new funding will enable us
to grow our team and pursue numerous market opportunities.”

Punchbowl Software was founded by Matt Douglas and Sean Conta.  Douglas is a former Bose Corporation and Adobe Systems employee.  At Adobe, Douglas helped Adobe Premiere gain $35 million in revenue in about 4 years.  Conta designed acoustic software at Bose.  Board members of Punch Software include Michael Rose (PNC Equity), Don Dodge (Microsoft), and Lucy McQuilken (Intel Capital). 

Prior to this round of funding, Intel Capital and The eCoast Angel Network participated in MyPunchbowl’s seed funding.

MyPunchBowl is a party planning website that is taking on Evite head on. VentureBeat reported today that the company has raised enough funding to keep developing for another year. The seed capital is less than $1 million and was invested by Intel Capital and eCoast Angels.  MyPunchBowl is used for setting event times, providing information about the event, determining hosts, and connecting planners with local stores that sell party supplies.

Some of the new upcoming features for MyPunchBowl includes a Facebook Application called “Party Animal” and will have a pick-a-date tool that will determine one’s party personality. Currently MyPunchBowl is used a lot for family parties, book clubs, and baby showers. Rather than generating revenue from advertising, MyPunchBowl aims to focus on sharing revenues with vendors and other partners.

MyPunchBowl is based in Boston and was founded by Matt Douglas.  MyPunchBowl has three total employees.