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Path raising new funding for photo app - Rumour
By
Editorial
Mon Jan 23 2012, 12:57 PM
Photo-sharing app Path is in the early stages of raising a new funding round, from backers including CrunchFund, whose founder Mike Arrington is already an angel investor in the company, according to Business Insider sources. Path’s last funding round, closed in February 2011, brought USD8.65m to the company, which raised a total USD11.2mto date. Following a redesign of its app in Nov 2011, the company has grown significantly, clocking more than 2m downloads.
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