Motricity raises $32M, plans acquisitions

Motricity announced last week that it had closed at least $32 million in series G funding. There is speculation the total for this round is actually closer to $60 million. Initial reports indicated some of the additional funds came from Qualcomm, though Motricity denies this claim. Motricity raised $40 million in its previous round of funding this past April. The company says most of the money will be used for acquisitions. Article

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