Path Closes $8.65M Financing

Path, a San Fransisco, CA-based start-up developing an online personal network, announced that it has closed an $8.65m financing.

Investors include Kleiner Perkins Caufield & Byers and Index Ventures.

The company intends to use the funds to hire engineers and designers to continue the development of the network.

In conjunction with the funding, Chi-Hua Chien of Kleiner Perkins Caufield & Byers and Mike Volpi of Index Ventures, have joined the company’s board along with co-founder Dustin Mierau. They join co-fonders Shawn Fanning and Dave Morin.

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