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July 17, 2013 02:44 am GMT
Path is raising a $50 million Series C round at a $500 million post-money valuation. Sources tell us the company is still seeking a lead investor, the round is currently oversubscribed, and one of the investors in the round is a strategic private investment group in Asia."This contradicts an earlier report from us that said the company was raising at a valuation as high as $1 billion. Sources say that Path was never raising at a valuation as high as $1 billion, but is still having some difficulty with this round, with at least one previous investor passing on this Series C.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/NMSNA-34ax4/
Path Is Raising $50M At A $500M Valuation, Still Looking For A Lead Investor
Path is raising a $50 million Series C round at a $500 million post-money valuation. Sources tell us the company is still seeking a lead investor, the round is currently oversubscribed, and one of the investors in the round is a strategic private investment group in Asia."This contradicts an earlier report from us that said the company was raising at a valuation as high as $1 billion. Sources say that Path was never raising at a valuation as high as $1 billion, but is still having some difficulty with this round, with at least one previous investor passing on this Series C.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/NMSNA-34ax4/
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