Freepath plans to offer a set of basic editing tasks easier, through a desktop application. Although the company is still in private beta (I’m waiting for an invite), I can see how the Freepath could be useful.

It’s designed to help you put together multimedia presentations, and it includes a couple nice little features. For example, you can set a video clip to play from within a specific point of the video, within your Freepoint presentation .

You can edit PowerPoint files, PDFs, photos, videos, music files, live web sites, Word documents, Excel spreadsheets and more (PC World has more). You can also check out the video tour here.

The Folsom, California company’s chief executive is John Stone, who previously cofounded education software company PowerSchool. Apple bought PowerSchool in 2001 then sold it to educational software provider Pearson in 2006.

Velocity Venture Capital led the round, with participation from individuals at Strategis Early Ventures, Sacramento Angles and Sierra Angels. Velocity Venture Capital focuses exclusively on Sacramento-area investments and is not to be confused with Velocity Investment Group.