Mobile content players lead the way in some hefty financing.
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VENTURE CAPITAL |
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|
COMPANY |
AMOUNT/ROUND |
LEAD INVESTORS |
DESCRIPTION |
|
Motricity
|
$40M
|
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
|
$25M
|
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
|
$5M
|
Sequoia Capital |
flipt is quietly working on a location-enabled social networking application it plans to unveil soon. |