New MDPR client Freepath Announces $1.5m Series A funding

Well, I told you we’ve been busy with some new clients. One of them I mentioned earlier was Stuart Skorman’s latest venture, another one that I can now tell you about is Freepath. I wrote about Freepath back in April, when I saw John Stone, their CEO, present at the California Tech 100 put on by Golden Capital (yes they are a client too). I know John from his days at PowerSchool, which Apple owned at the time (they have since sold it to Pearson).

Today, Freepath announced $1.5m in Series A funding led by Velocity Venture Capital of Folsom. Also participating in the round were investors from Strategis Early Ventures (based in El Dorado Hills – heck they’re in the same housing development as me), Sierra Angels, and the Sacramento Angels (yes, also a client of Morgan/Dorado).

Here’s a few links to the first stories about the funding, one from VentureBeat (thanks Matt!), and one from the Sacramento Bee. We’ll update with some more as they come in.