Path Raises $40 Million In Series B

Posted Apr 16, 2012

Mobile social networking company Path has raised $40 million in Series B according to sources with AllThingsD. Redpoint Ventures led the $40 million round, which puts Path at a valuation of $250 million. Path currently has 2 million registered users after they completely redesigned their app last year to become a personal journaling app with ways to share travel, photos, location, and workouts with a Nike partnership. Path’s last ronud of funding was $8.65 million from KPCB, Index Ventures, and Digital Garage Japan.