http://thenextweb.com/insider/2012/04/16/life-sharing-app-maker-path-raises-40-million-at-250-million-valuation/?awesm=tnw.to_1E3LE&utm_campaign=social%20media&utm_medium=Spreadus&utm_source=Facebook&utm_content=Life-sharing%20app%20maker%20Path%20raises%20$40%20million%20at%20$250%20million%20valuation
Path, the startup behind the eponymous app that lets users share photos, videos, their whereabouts and whatnot with people they’re close with, is poised to announce a significant funding round tomorrow, reports AllThingsD’s Liz Gannes.
Silicon Valley VC firm Redpoint Ventures is reportedly leading a $40 million financing round that will reportedly value Path at $250 million. Launched in November 2010, Path claims to have amassed over 2 million users to date.
Path doesn’t charge users for its ‘Smart Journal’ apps (currently available for iOS and Android only), which let people share the things that happen in their lives with (only) their loved ones through photos, music, videos, text, places and more.
The startup has raised over $11m to date, according to CrunchBase, from a huge list of angel investors and firms like Index Ventures, First Round Capital, Founders Fund, SV Angel, Kleiner Perkins Caufield & Byers, Digital Garage and CrunchFund.