Motricity Adds $185 Million

Motricity Inc., a Durham, N.C.-based provider of mobile marketplace management solutions, has raised $185 million in new venture capital funding. Participants included Advanced Equities and return backers Carl Icahn and New Enterprise Associates.


Part of the proceeds will be used to finance a recently-closed $135 million cash purchase of the mobile services business of InfoSpace Inc. (Nasdaq: INSP).


Motricity has now raised over $365 million in total VC funding, including from Technology Crossover Ventures, Massey-Burch Capital, Noro-Moseley Partners, Intel Capital, Qualcomm Ventures, Sienna Ventures, TriState Investment Group, Wakefield Group and Advanced Equities.