Summus (OTCBB: SMMU), a provider of applications and content for mobile phone users, has closed on a private stock placement of some $8 million, the company said Tuesday.
Liberty Associated Partners is the lead investor. Rock Hill Investment Management, an existing Summus investor, also participated.
The funds will be used to drive Summus’ direct-to-consumer portal strategy, the company said.
Summus: www.summus.com
