Freepath Inc., a Folsom, Calif.-based developer of digital content sharing tools and communities, has raised $1.5 million in Series A funding. Velocity Venture Capital led the round, and was joined by individual members of Strategies Early Ventures, Sacramento Angels and Sierra Angels.
Freepath, Inc. ( www.freepath.com ), creators of tools and communities to enable the sharing of digital content, today announced the close of $1.5 million in Series A funding. The lead investor is Velocity Venture Capital ( www.velocityvc.com ) with participation from individual members of Strategis Early Ventures ( www.sevfund.com ), Sacramento Angels ( www.sacangels.com ) and the Sierra Angels ( www.sierraangels.com ).
With $1.5 million in Series A financing, Freepath will introduce its tools and community for sharing digital content, add additional senior management and expand business development efforts.
“Freepath is going to change how people show and share the content they create and the digital assets they collect,” said John Stone, a former Apple vice president who is now Freepath's CEO. “I originally learned about Freepath as a prospective investor and became so excited about the technology and market opportunity that I joined the team.”
“When investing, we look for innovative products that are attacking large markets and management teams with a deep understanding of industry trends