# Punchh

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/punchh

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.punchh.com
- Total disclosed funding: $63M
- Latest round: Series C (Jun 17, 2019)
- Investors on record: 5

## About

Punchh, Inc. is a US-based company that specializes in enhancing customer engagement for the restaurant industry through innovative technology solutions.Founded in 2010 and headquartered in San Mateo, US, Punchh, Inc. focuses on providing digital engagement solutions for restaurants. The company was co-founded by Brahamleen Kaur, Sastry Penumarthy, and Shyam R, who also serves as CEO. In April 2021, Punchh was acquired by PAR Technology Corp for USD 500 mn, marking a significant milestone in its operational journey.Punchh, Inc. specializes in offering comprehensive solutions aimed at enhancing customer engagement within the restaurant sector. Their offerings include integrated loyalty programs, personalized marketing tools, and an advanced ordering platform. The flagship product, PAR Punchh, facilitates the creation of detailed guest profiles by analyzing real-time data on customer behaviors and preferences, allowing restaurants to optimize their marketing strategies. Punchh serves various end-users including quick-service restaurants, casual dining, and fast-casual brands, with notable clients like Church’s Texas Chicken and Shane’s Rib Shack, operating primarily in North America and expanding into select regions in Europe and Asia.Punchh, Inc. operates on a subscription-based revenue model, granting clients access to a suite of services comprising marketing tools, loyalty programs, and ordering systems. Clients engage through contractual agreements with tiered pricing based on the scale of services utilized, facilitating flexibility for businesses. The B2B structure sees restaurants subscribing to enhance operational capabilities and customer engagement strategies, with tailored pricing plans reflecting the complexity of solutions offered, especially for their trademarked offerings like PAR Punchh.Punchh, Inc. is focused on expanding its product line and geographic reach. The company is expected to launch new innovative products designed to enhance customer interactions and optimize restaurant operations. Following the acquisition by PAR Technology Corp in April 2021, the recent funding will be utilized to support these product developments and expansions into new markets, particularly targeting regions in Europe and Asia where demand for customer engagement solutions is growing.

## Funding rounds

- Series C, Jun 17, 2019, $35M — Adams Street Partners, AllianceBernstein, Sapphire Ventures
- Series B, Apr 12, 2018, $20M — Sapphire Ventures, Cervin Ventures
- Series A, Jan 1, 2014, $7.5M — Cervin Ventures
- Seed, Apr 17, 2012 — TDF Capital

## Investors

- TDF Capital (https://capitalatlas.ai/funds/tdf-capital) — Seed
- Cervin Ventures (https://capitalatlas.ai/funds/cervin-ventures) — Series A, Series B
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series B, Series C
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series C
- AllianceBernstein (https://capitalatlas.ai/funds/alliancebernstein) — Series C