Path Reportedly Raises $40 Million at $250 Valuation

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imagePath Reportedly Raises $40 Million at $250 Valuation

AllThingsD reports that Path - the personal life-sharing service has just raised $40 million in Series B funding round at a valuation of $250 million.

Path has an extremely slick iPhone app in the App Store (iTunes link) and had crossed 2 million users back in February.

AllThingsD reports:

Path, the mobile social networking start-up, is planning to announce it has raised Series B funding as early as tomorrow, according to sources.

Read the full story here