Author Topic: Punchbowl Acquires VidHug to Add Video to Party Planning  (Read 130 times)

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Punchbowl Acquires VidHug to Add Video to Party Planning
« on: June 11, 2021, 10:02:32 AM »



When last year's pandemic, Punchbowl, an online party planning service, was left in all but shut down. But instead of regretting the situation, founder and CEO Matt Douglas worked to rethink the company's approach. time He started by expanding the company's online greeting card business. which up to that point was a small part. of income mix He then started talking to investors about the cash inflow. with a focus on adding videos to the platform.

It all ended with today's announcement. for beginners The company pulled $5 million from SG Credit Partners. Douglas then turned around and bought online video production service VidHug and rebranded his platform Memento. Eventually, he invested in a few apps designed to attract. new parents to use the service from a young age More about those coming soon.

When the government required a formal rally, Punchbowl needed a plan. “So we lead our team and we devote our energy to products that are less than 10% of our business before the pandemic. And that's a greeting card,

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