Punchh, a customer marketing solutions for physical retailers, raises $40 million in a Series C funding

Punchh, a customer marketing solutions for physical retailers, has raised $40 million in a Series C funding that was led by Adams Street Partners and Sapphire Ventures, along with participation from Alliance Bernstein. The firm will utilise the funding to further augment Punchh's AI capabilities as it expands into new verticals. Nearly 200 global enterprise brands currently use Punchh's solutions.