MYSTERY SOLVED: Here's Exactly How Much Mobile Social Network Path Raised

path shirt

Photo: Spencer Chen (@spencerchen)

Path recently announced its Series B round of financing. The company said it raised more than $30 million but didn’t give an exact amount.Prior to the announcement, tech sites estimated the round would close somewhere between $20 and $40 million.

VCExperts, a site that spends all day everyday analysing SEC filings, tells us there was $35 million worth of Series B preferred stock authorised on April 5, 2012 at $18.1971 per share for Path.

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

path sai-us