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Motricity raises $30M in new funds

DURHAM, N.C.-Mobile content and solutions provider Motricity said it closed a $30 million venture-funding round.

The round was led by Advanced Equities Inc., and existing investors Technology Crossover Ventures, New Enterprise Associates and Intel Capital participated in the funding round.

The company said the funding will be used to accelerate global expansion.

Motricity closed a previous round of funding for $27 million in October. That round was led by TVC.

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