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More on Motricity Funding: Aiming $60 Million Seventh Round

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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.

Aug 11, 2006 2:08 PM ET

Posted In: Money, M&A & Venture Capital

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