Richard Branson invests in Path
- By Mat Munro -
- Apr 18, 2012
Richard Branson has taken part in the latest (series B) round of funding for the mobile personal network app, Path.
The round, which came to more than $30M in total, was led by Redpoint ventures and featured a number of other prominent investors alongside the Virgin founder including: Greylock Partners, Jerry Murdock, Kleiner Perkins Caufield & Byers, Index Ventures, Mark Pincus, Yuri Milner and Allen & Company.
In an emailed statement, Path said the team was committed to building Path for the long term and stated that the funding would be used for “international growth and expansion as well as user adoption.”
Indeed Path's seen good growth in it's user base since it's re-launch in November of last year and in the wake of Instagram's recent sale there are rumours that some organisations are already eyeing up Path as a potential purchase.
What are your thoughts on this? Have you used Path? What do you think of their prospects moving forwards?
