Path gets another $40miliion investment

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Summary

Social network Path is reportedly finalizing a $40 million Series B funding round, led by Red Point, which values the company at an estimated $250 million. Established in November 2010, the platform has grown to over 2 million registered users, positioning itself as a "private social network." Path focuses on intimate sharing of photos, travel, and even sleep data with close friends, leveraging email and phone numbers to enhance user privacy. Available on both iPhone and Android, the company has also engaged in collaborations, such as with Nike, and is often discussed as a potential acquisition target.


Social network website Path may officially announce today that it has completed its funding round B. According to sources, Red Point led this round of  funding of $ 40 million. In addition,  Path's market value is estimated about $ 250 million.

Path was established in November 2010, there are currently over 2 million registered users. The company's slogan "Path to help you easily share with friends Life". Path call themselves "private social network" because Path is based on e-mail addresses and phone numbers to share photos  and it reduces the user's worry about sharing photos with strangers. Path has launched the iPhone and Android client.

Path's funding raising plan has long been no secret that after there is a Business Week reported that Red Point may lead to this funding round.

Pach CEO, Dave Morin, had said in February this year that Path now has 2 million registered users, after re-revision, Path has been transformed into a private diary for tourism, photo and even sleep sharing, and at the same time Path and Nike has some relevant cooperation .

Path is always talked by people as a potential company to be acquired just like Instagram.

It is reported that Path's last funding round is in 2011, a total of $ 8.56 million investment by Kleiner Perkins Caufield & Byers, Index Ventures and Digital Garage, Japan.

Reference : http://news.csdn.net/a/20120417/2804640.html
SOCIAL NETWORK PATH FUNDING ROUND

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