Path Raises $8.5 Million For 2 Million Shared Items... $4 For Every Share!

Path, the social networking site founded by ex-facebook executive Dave Morin, Napster co-founder Shawn Fanning and Dustin Mierau, has raised $8.65 million in venture capital funding from Kleiner Perkins Caufield & Byers and Index Ventures. Kleiner's Chi-Hua Chien and Index's Mike Volpi will be joining Path's board as a result of the funding. The current round of funding brings the total money raised by Path to $11.2 million.

Path, the social networking site founded by ex-facebook executive Dave Morin, Napster co-founder Shawn Fanning and Dustin Mierau, has raised $8.65 million in venture capital funding from Kleiner Perkins Caufield & Byers and Index Ventures. Kleiner’s Chi-Hua Chien and Index’s Mike Volpi will be joining Path’s board as a result of the funding. The current round of funding brings the total money raised by Path to $11.2 million.