Bakrie Group invested in Path

11/01/2014

Mobile social network Path is huge in Indonesia that is has its own internet culture. Indonesia is Path's third biggest market with over 4 million users, and it has attracted the attention from Indonesia’s Bakrie Group which took part in Path’s latest $25 million investment through its recently closed Series C funding round. This brought Path funding up to $65 million.

The news of the Bakrie investment came two months after Path founder and CEO Dave Morin visited Indonesia in November 2013. In an interview with Indonesian news portal vivanews.com, which is part of the Bakrie Group, Morin said that Indonesia was a vital market for Path.

Bakrie's CEO Anindya Bakrie said that "Path will continue to connect more Indonesians in a personal, meaningful and productive way."