Digital Garage invests in US-based mobile SNS, Path /TechWave

Path is a mobile SNS which allows users to enjoy social networking with real friends in closed environment. Path restricts a number of friends to 50 or fewer. In addition to Digital Garage, Kleiner Perkins Caufield & Byers and Index Ventures participate in the fundraising round, and the total amount of capital is $8.65 million.

TechWave 2/2/2011

memo

• Digital Garage is famous for investing in Twitter. It also operates Open Network Labs, a seed stage incubation program similar to Y Combinator in Silicon Valley