LOS ANGELES – Amp’d Mobile Inc. continued to rake in venture capital this week, raising $150 million in a third round of funding.
New investors Tudor Investments, Intel Capital, Rho Ventures, Qualcomm Inc., Quilvest Ventures, Polygon Investment Partners and Heights Capital Management participated in the round. The newcomers joined existing investors including MTV Networks, Universal Music Group, Highland Capital Partners, Columbia Capital and Redpoint Ventures.
The round marks the largest venture deal so far this year, according to Amp’d. The mobile virtual network operator has raised more than $250 million through three rounds.
Merrill Lynch & Co. served as exclusive placement agent and financial adviser to Amp’d for the recent financing round.
“This is a significant milestone that will allow us to quickly ramp up Amp’d Mobile and fulfill our goal of delivering a completely unique, broadband wireless experience,” said Chief Executive Officer Peter Adderton.
