Path said to be seeking valuation of $1 billion
Private social network Path is said to be going after a $1 billion valuation with its latest fund-raise.
The nearly 3-year-old startup is looking to raise between $75 million and $100 million and enter the $1 billion club, according to TechCrunch, which reported that investors are seeking out the San Francisco-based company because of its recent growth spurt. To date, the company has raised more than $41 million.
When reached for comment, a Path spokesperson said the company had nothing to share at this time.
In April, Path surpassed 10 million registered users following the release of a reworked application … Read more