FOLSOM, Calif.--(BUSINESS WIRE)--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; Freepath has both," said Jack Crawford Jr., General Partner with Velocity Venture Capital. "Freepath has the potential to transform everyday messaging into rich media communications and collaboration. John Stone is a proven leader and innovator, as he demonstrated in the early stages of PowerSchool and in successfully completing the acquisition of the company by Apple."
John Stone recently joined co-founders John Schultheiss and Lou Douros who are seasoned entrepreneurs that have demonstrated success with software ventures in the consumer media and house of worship markets.