After an angel investor funded Path, the social network for mobile photo sharing and messaging was launched.
Based in San Francisco, California, the company was founded by Shawn Fanning and Dave Morin. Path's initial $2.5 million funding round included Ron Conway, Index Ventures, First Round Capital, Ashton Kutcher, Kevin Rose, Marc Benioff, Chris Kelly, and others. It subsequently raised $30 million in venture capital from Redpoint Ventures.
On January 11, 2014, the company announced it had raised another $25 million in venture funding from Indonesian Bakrie Group, Kleiner Perkins Caufield & Byers, Index Ventures, Greylock Partners, Insight Venture Partners, Redpoint Ventures, and First Round Capital.
The majority of Path users came from Indonesia.
