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Mobile Content Delivery Firm Motricity Raises $40 Million

Authored by dmw on April 25, 2006 - 7:48pm.
Durham, N.C. - Motricity, a provider of mobile content delivery technology, has raised $40 million in a round of venture capital led by Advanced Equities. Other investors in the deal include New Enterprise Associates and Technology Crossover Ventures. Motricity said in a release on Tuesday that during the last few months it has signed important agreements with various customers, including Alltel, Virgin Mobile, Sony Ericsson and BET. The company's technology allows content providers, as well as media an entertainment companies to deliver personalized content on mobile devices. Founded in 2001, Motricity has about 300 employees and offices in Durham, N.C., as well as Beijing, London, Munich and San Diego.
http://biz.yahoo.com/bw/060425/20060425005709.html?.v=1
http://www.motricity.com
tags: Deals | Mobile | VC | Tech | Mobile Deals | Tech Deals | NEA | Motricity |



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