[Posted on January 14, 2008 - 4:43 PM]
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Digital content management software maker Freepath Inc. on Monday announced a $1.5 million Series A from Velocity Venture Capital, Strategis Early Ventures, Sacramanto Angels and Sierra Angels.
The Folsom, Calif.-based company makes software that enables users to put together multimedia presentations using a variety of sources, including Word files, video clips, Excel spreadsheets and Web sites.
Freepath's CEO John Stone is a founder of PowerSchool, a maker of cost management software for school districts. Apple Inc. [AAPL] acquired PowerSchool in 2001 for $62 million, then sold it to Pearson plc for undisclosed terms 2006. - Olaf de Senerpont Domis
See Jan. 14 press release from Freepath
For more, see Mashable
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I think this is an interesting situation. Not necessarily the company but the fact that 2 separate angel groups invested along side traditional VC’s. It is too early to see if this is going to be a trend but definitely something to keep an eye on.