{"id":231,"date":"2012-03-23T09:40:22","date_gmt":"2012-03-23T02:40:22","guid":{"rendered":"http:\/\/news.appota.com\/?p=231"},"modified":"2021-04-14T09:16:48","modified_gmt":"2021-04-14T02:16:48","slug":"path-may-have-just-sealed-a-new-20m-funding-deal","status":"publish","type":"post","link":"https:\/\/news.appota.com\/en_US\/path-may-have-just-sealed-a-new-20m-funding-deal\/","title":{"rendered":"Path may have just sealed a new $20M funding deal"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"aaaaaa\" src=\"http:\/\/venturebeat.files.wordpress.com\/2012\/03\/path-funding.jpg?w=558&amp;h=9999&amp;crop=0\" alt=\"\" width=\"558\" height=\"264\" \/><\/p>\n<p>We\u2019re hearing loud rumors this morning that hot-as-molten-lava startup Path may have just closed a $20 million round of funding.<\/p>\n<p>The round was reportedly led by Redpoint Ventures and pegged Path at a $250 million valuation.<\/p>\n<p>While Business Insider is saying the funding is confirmed by anonymous sources close to the matter, we\u2019re still waiting for official confirmation from our sources at Path.<\/p>\n<p>UPDATE: Our Path source replies, \u201cIt\u2019s just rumors and speculation.\u201d So for now, the startup has nothing to confirm; still, we\u2019re keeping our ears to the ground.<\/p>\n<p>Path has been through the ringer in recent weeks due to a privacy fiasco \u2014 one that even had Apple CEO Tim Cook calling Path founder Dave Morin for copying personal data from people\u2019s iPhones.<\/p>\n<p>The app was caught grabbing contact information, including names, phone numbers, and email addresses, from users\u2019 iPhone address books. The startup issued a formal apology in which Morin stated, \u201cThrough the feedback we\u2019ve received from all of you, we now understand that the way we had designed our \u2018Add Friends\u2019 feature was wrong. We are deeply sorry if you were uncomfortable with how our application used your phone contacts.\u201d<\/p>\n<p>More to the point, we recently sat down with Morin for a one-on-one chat at South By Southwest. While the CEO didn\u2019t have anything to say about the startup\u2019s possible funding at that time, we did talk in detail about where Path will go in the near future, the philosophies that drive the application, and how Path\u2019s friends-and-family-first approach to social networking has shaped our expectations for privacy and audience.<\/p>\n<p>To date, Path has taken a total of $11.2 million in venture capital funding, including an $8.65 million Series A around this time last year.<\/p>\n<p>Source: V.B<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re hearing loud rumors this morning that hot-as-molten-lava startup Path may have just closed a $20 million round of funding. The round was reportedly led by Redpoint Ventures and pegged Path at a $250 million valuation. While Business Insider is saying the funding is confirmed by anonymous sources close to the matter, we\u2019re still waiting [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[887],"tags":[8,61],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Path may have just sealed a new $20M funding deal - Appota News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.appota.com\/vi\/path-may-have-just-sealed-a-new-20m-funding-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Path may have just sealed a new $20M funding deal - Appota News\" \/>\n<meta property=\"og:description\" content=\"We\u2019re hearing loud rumors this morning that hot-as-molten-lava startup Path may have just closed a $20 million round of funding. 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