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Punchbowl® Announces Investment from Party City; Strengthens Board with President of Party City Retail Group

This strategic partnership will help fuel the next phase of our growth as a company, and solidifies our position as a leader in the celebrations market.

Punchbowl®, the company behind the critically acclaimed technology platform for online invitations and digital greeting cards, today announced the closing of an investment from leading party goods company Party City (NYSE:PRTY). Ryan Vero, Executive Vice President of Party City Holdco Inc. and President of Party City Retail Group, has joined the company’s Board of Directors.

Punchbowl is the new gold standard in online invitations. The company’s technology platform reaches tens of millions of consumers each year, and its state-of-the-art website and native mobile applications have received critical acclaim. The company was founded by technology entrepreneur Matt Douglas. Punchbowl is also backed by Intel Capital, Contour Venture Partners, and Launchpad Venture Group.

“We are thrilled to announce this investment from Party City and welcome Ryan Vero to the Punchbowl Board of Directors,” said Matt Douglas, CEO, Punchbowl, Inc. “This strategic partnership will help fuel the next phase of our growth as a company, and solidifies our position as a leader in the celebrations market.”

In a separate announcement, Party City unveiled a new digital invitation platform on PartyCity.com, powered by Punchbowl. The new capability provides party givers with a single source at PartyCity.com to create invitations while ordering their party supplies online.

To learn more about Punchbowl, visit https://www.punchbowl.com/company. To learn more about Party City, visit http://investor.partycity.com/investors/default.aspx.

About Punchbowl, Inc.

Punchbowl is the company behind the critically acclaimed…

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