San Francisco-based Path, a mobile social network, has raised a Series A Round of funding. The $8.5 million round was led by Kleiner Perkins Caufield & Byers and Index Ventures. New investor Digital Garage Japan also joined the round, as did previous investor First Round Capital.
Chi-Hua Chien and Mike Volpi from Kleiner and Index, respectively, joined the board of directors. Co-founder Dustin Mierau also joined the board as part of the round.
The company has now raised a total of $11.2 million.
Path is also moving away from its focus on complete privacy within the network. Previously users could post pictures and video to friends only, limited to 50. There was no way to post anything publicly or share on Twitter or Facebook. Still, the company says they have hundreds of thousands of users who’ve experienced “over 2 million moments shared.”
Path is now going to widen that a bit. Starting today users can email “moments” to their contacts via the app. You still can’t post moments to Twitter or Facebook. But CEO Dave Morin says “Don’t count that out in the future. Our focus is on giving users control over who they want to share with and how.”
Morin also says an Android app is in development, and it will be coming soon. Currently Path is only available on the iPhone.
Path brings people closer together. Guided by the belief that mobile technology will fundamentally change the cultural, social, and economic landscape, Path focuses on simplicity, quality, and privacy to provide the best mobile personal networking service in the world. Path was designed with the people you love, your closest friends and family, in mind. It’s a trusted, intimate environment like your dinner table at home. 5 star rated, top 10 ranked, Path is loved by tens of millions of...
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