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Path Confirms Series B Funding From Redpoint, Richard Branson and Others (AllThingsD)
CEO Dave Morin noted the investors’ commitment to building Path “for the long term,” and said the funding would be used for “international growth and expansion as well as user adoption.” Inside Mobile Apps In February, Path revealed it has passed 2 million registered users, more than half of which had joined since the service relaunched in December as a personal journal app, pivoting from its original vision as a private photo-sharing service. GigaOM Ever since Facebook decided that Instagram was worth $1 billion, there has been recurring talk of Path, another social service being the next big buyout target. And while I am happy for the Path team, I find the comparisons with Instagram unfounded and premature. Business Insider Here’s what’s odd: RedPoint just invested in a startup that is in many ways very similar to Path: Caterina Fake’s new startup PinWheel. Read more
