VivoTech, the mobile payment company, raises money from Motorola
Motorola Ventures has invested in ViVOtech, a Santa Clara, Calif. maker of radio frequency chips and software that lets mobile phone users make payments with credit cards
Motorola’s investment, the amount of which was in the single-digit millions (but otherwise undisclosed), follows a financing round of about $20 million from Nokia Growth Partners, First Data Corp, and other investors earlier this year. There are numerous players in this market (see coverage).
The company has raised $52 million over the past six years, from investors including Alloy Ventures, Draper Fisher Jurvetson and First Data Corp.
Next Story: NorthStar Systems takes a further $18M for wealth management
Previous Story: Senergen Devices, a solar startup, receives first round from VantagePoint
About the Author, Matt Marshall
Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.