VC: Mitsui & Co doles out the cash



Mitsui & Co. doles out the cash to Boingo and Brightstar.

VENTURE CAPITAL

COMPANY

AMOUNT/ROUND

LEAD INVESTORS

DESCRIPTION

Boingo Wireless
Santa Monica, CA

$65M
third

Mitsui & Co.

The money will be used for working capital and to finance the recent acquisition of Concourse Communications.

Brightstar
Miami

$50M
N/A

Mitsui & Co.

Brightstar said it plans to use the cash to expand its new operations in Southeast Asia.

Motricity
Durham, N.C.

$32M
N/A

Advanced Equities

The company provides content and powers mobile storefronts. It will use the cash to continue to expand its business.

SiBEAM
Sunnyvale, CA

$21M
second

Foundation Capital

SiBEAM will accelerate development of its high-speed wireless communications platforms.

DiVitas Networks
Mountainview, CA

$15M
second

Menlo Ventures

The fixed-mobile convergence technology developer plans to use the funds to bolster is sales, marketing, customer support and engineering teams.

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