Path raises $25 million for a private social network

Path, the maker of a private social network for your closest friends and family, has raised $25 million in a third round of funding. The new investor leading the round is Indonesia’s Bakrie Global Group, according to Kara Swisher atRe/code. Dave Morin, CEO of Path, confirmed the funding to Re/code, bringing the total amount raised to $65 million to date. Morin said the round was an “up round,” meaning the valuation was higher than the previous round in 2012, when the company raised $30 million at a $250 million valuation.