February 2, 2011
For web users who want a more intimate social networking experience Path with their mobile platform that offers only a 50 friend limit has become a popular destination and today the company has announced a round of Series A funding.
The company’s newest round of funding brings with it $8.65 million from Kleiner Perkins Caufield & Byers, Index Ventures, Digital Garage Japan and First Round Capital.
That money comes after $2.5 million was originally raised in Angel funding from Index and First Round.
Path was founded by former Facebook employee Dave Morin and several other big names in tech and the site promises to keep away spammers by limiting the size of a persons network, leaving users to more closely choose who they accept into their network. read more