The biggest deal on the mobile side of the house was $185 million in venture funding for mobile content delivery firm Motricity Inc. from Advanced Equities Inc. , Cyrus Capital Partners, and New Enterprise Associates (NEA) . The Durham, N.C.-based company also announced the $135 million buyout of InfoSpace Inc. 's mobile business in October, one of the larger mobile acquisitions last month. Maverick investor Carl Icahn already pumped $50 million into the firm back in February. (See Motricity Buying InfoSpace Mobile Biz and Friday Funding Roundup.)
Other interesting mobile investments during the month included:
According to Rutberg, investments in digital media are still largely happening in North America. European companies pulled in a mere $28.8 million for nine VC investments, or 2.8 percent of the overall $1.04 billion investment.
— Dan Jones, Site Editor, Unstrung