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Path are raising $50 million over a $500 million valuation, still walking down the path to find a lead investor

Path are still on the look out for a lead investor, are trying to raise $50 million

| Business, Financial & Legal News | Posted: Jul 17, 2013 6:20 am

Path may have just updated their apps for both Android and iOS, but their heart is with their finances right now as they're raising a $50 million Series C round at a $500 million post-money valuation.

 

TweakTown image news/3/1/31753_07_path_are_raising_50_million_over_a_500_million_valuation_still_walking_down_the_path_to_find_a_lead_investor.jpg

 

It was only back in April of 2012 that the social network raised $30 million at a valuation of $250 million, so they've grown considerably in the last fifteen months. Google offered Path $100 million to acquire them back in 2011, with rumors arriving again that the search giant would acquire them. We'll see in the coming months, I guess.

NEWS SOURCE
Techcrunch.com

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