Punchbowl Picks Up Venture Capital Funding - Led by Intel Capital

Punchbowl Software, makers of MyPunchBowl party planning tool have secured a round of vc funding led by Intel Capital. Check out the full details on the MyPunchBowl blog.

"Intel Capital, with its recent emphasis on early-stage consumer internet investing, is the perfect investor to help fuel our rapid growth," said Matt Douglas, founder, Punchbowl Software. "This funding will allow us to capitalize on numerous opportunities available in the market."

"The event-planning market is substantial and enjoys viral growth dynamics," said Lucy McQuilken, investment manager, Intel Capital. "Punchbowl is well positioned to take advantage of Web 2.0 technologies and become one of the leaders in this market segment."

The amount of the round was not disclosed. MyPunchBowl recently launched a major upgrade and a Facebook app called Party Animal.