Path Rumor: Mobile Social Network May Be Seeking New Funding Round


Path Social Network

Path, the personal social network that attracts mobile users looking for a more intimate social gather compared to Facebook, Twitter and other social networks is said to be seeking a new round of funding.

In February 2011 Path announced Series A funding to the tune of $8.65 million and with that money the company crafted what may possibly be one of the nicest mobile interfaces to grace a mobile social networks pages.

You may recall that Series A funding came just as Google had offered to purchase Path for $100 million. After the redesign the company’s user base quickly shot up to 2 million users.

While insiders close to the company have not said which company’s are interesting in investing it’s believed that CrunchFund founder Mike Arrington has been eyeing the firm.

Path CEO Dave Morin has stayed mum on the details and there’s no word yet on how much money the company hopes to raise or when the funding round may end.


James Kosur

James Kosur has worked in the new media space for the last 10 years, helping many publications build their audiences to millions of monthly readers. He currently serves as the Director of Business Development at Business2Community.com and the CEO of Aven Enterprises LLC.

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