Mozido Gets Massive $185M Funding

Austin-based Mozido announced a huge, $185M funding yesterday--part of a Series B funding which it says expects to be worth up to $400M. The mobile payments product developer said the funding is the first of a two part funding effort by the company. The new funding comes from MasterCard, Wellington Management, H.R.H. Sheikh Nahyan of UAE, and Julian H. Robertson, Jr., chairman and chief executive officer at Tiger Management. Mozido says it has now raised a total of $265 over the last 12 months. More information »