VC: Mobile content leads with hefty financing

VENTURE CAPITAL

COMPANY

AMOUNT/ROUND

LEAD INVESTORS

DESCRIPTION

Motricity [1]
Durham, NC

$40M
unknown

Advanced Equities

The wireless content company will use the funding to help strengthen its infrastructure and enable the company to "pursue strategic growth."

Meru Networks [2]
Sunnyvale, CA

$25M
fourth

Lehman Brothers Venture Partners

The financing will be used to further expand Meru's sales, support and R&D teams and accelerate the marketing of its WLAN system.

flipt [3]
Palo Alto, CA

$5M
first

Sequoia Capital

flipt is quietly working on a location-enabled social networking application it plans to unveil soon.