We mentioned Motricity‘s $32 million funding last night, and that more money is coming for this particular round…according to a regulatory filing, picked up by PE Week Wire, this seventh round of funding will cap at $60 million, and besides Advanced Equities, who was the lead investor, included return backers Intel Capital, Wakefield Group, New Enterprise Associates, Noro-Moseley Partners, Technology Crossover Ventures, Tri-State Investment Corp and Sienna Ventures. New investor Qualcomm also participated. (Correction: Motricity PR tells us Qualcomm is not an investor…They were investors in M7 Networks before Motricity acquired it a year ago.)
Disclaimer: Motricity is a sponsor of MocoNews.net.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post