WASHINTON, D.C.—InPhonic Inc. announced it has closed a $19 million in Series D capital financing round led by Core Capital Partners.
InPhonic plans to use the funding to expand its business and to acquire technology companies that will complements its existing products and services. In addition to Core Capital, Sculley Brothers Investments, CMS Financial Services and Mid Atlantic Venture Funds, McAndrews & Forbes, First Analysis, Spring Capital and Wynnefield Capital also participated in the investment. InPhonic has also announced Mark Levine, managing director of Core Capital, has joined the company’s board.
Since its founding in 1999, InPhonic has raised more than $40 million in capital and equity investments.
