Punchh Stock

Punchh announced the appointment of three industry veterans, to the roles of Chief Product and Technology Officer, CRO, and CFO.

Punchh announced it has raised $40 million in funding led by Adams Street Partners and Sapphire Ventures with participation from AllianceBernstein.

E-commerce accounts for around 11% of all retail sales in the U.S., but it’s growing much faster than brick-and-mortar sales, going up 14.8% this year versus a mere 1.9% for physical retail, according to eMarketer. So to better compete today and in the future, retailers are now investing in m…