Motricity‘s a guzzler, as far as taking in money…it is serious about ramping up and playing against all the biggies, judging by the amounts it has raised in the last round and now this one: it is announcing that it has received $32 million in new funding, five month after its previous round announcement of $40 million.
And there’s more money to come: This $32 million is part of a larger funding round that will close in stages in the coming weeks. It was led by Advanced Equities with participation from other existing investors.
Also, the company announced the appointment of David Holland, VP and treasurer of Cisco Systems, and Steve Clark, former CEO of SpectraSite Communications, to its board of directors.
The money will probably be used to more acquisition like the GoldPocket acquisition it did recently.
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Related:
—    Motricity Acquires GoldPocket Wireless
—Motricity Announces $40 Million Funding; Tots Up $120 Million Thus Far