Tech Company Financing Transactions

Motricity Funding Round

Advance Capital Partners, Carl Icahn and New Enterprise Associates participated in a $185 million funding round for Motricity. The round was announced on 12/28/2007.

Transaction Overview

Company Name
Announced On
12/28/2007
Transaction Type
Venture Equity
Amount
$185,000,000
Round
Undisclosed
Investors

Advance Capital Partners (Lead Investor)

Carl Icahn (Lead Investor)

New Enterprise Associates (Suzanne King)

Proceeds Purpose
The company used the funding proceeds to acquire the mobile services business unit of InfoSpace for $135 million and for general corporate purposes.

Company Information

Company Status
Publicly-held
Industry
Mobile
Mailing Address
8862 Peachtree Ct.
Conway, SC 29526
USA
Email Address
Overview
Motricity (MOTR.O) is the first in a new class of content and media providers for handheld devices. A leader in mobile content distribution solutions, the company is one of the largest providers of mobile content through its consumer websites and channel partnerships.
Profile
Motricity LinkedIn Company Profile
Social Media
Motricity Company Twitter Account
Company News
Motricity News
Facebook
Motricity on Facebook
YouTube
Motricity on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Rich Stalzer
  Rich Stalzer LinkedIn Profile  Rich Stalzer Twitter Account  Rich Stalzer News  Rich Stalzer on Facebook
Chief Operating Officer
Nathan Fong
  Nathan Fong LinkedIn Profile  Nathan Fong Twitter Account  Nathan Fong News  Nathan Fong on Facebook
President
Chris Rivera
  Chris Rivera LinkedIn Profile  Chris Rivera Twitter Account  Chris Rivera News  Chris Rivera on Facebook


 

 

Browse more venture capital transactions:

Prev: 12/27/2007: Agile Therapeutics venture capital transaction
Next: 12/28/2007: Panraven venture capital transaction

 

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