VC: Mobile content leads with hefty financing



Mobile content players lead the way in some hefty financing.

VENTURE CAPITAL

COMPANY

AMOUNT/ROUND

LEAD INVESTORS

DESCRIPTION

Motricity
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
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
Palo Alto, CA

$5M
first

Sequoia Capital

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

Sponsored by ADI

What if we were always connected? With the help of our advanced wireless technology, even people in the most remote places could always be in touch.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

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