Motricity Raises $27 Million

PowerByHand, a mobile content company which moved its headquarters from Nashville, Tenn., to Durham in the spring after merging with Pinpoint Networks, is changing its name to Motricity and has raised $27 million in venture capital funding …
The round was led by a new investor, Technology Crossover Ventures…Money was also contributed by Motricity’s existing investors, including the Wakefield Group…
Some more details here

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