InPhonic said Wednesday that it received a $19 million fourth round of funding, led by Core Capital Partners, which will receive a seat on the company's board. McAndrews & Forbes, First Analysis, Spring Capital and Wynnefield Capital participated in the round, as did previous investors Sculley Brothers Investments, CMS Financial Services and Mid Atlantic Venture Funds. Washington, D.C.-based InPhonic has raised a total of more than $40 million in capital. The company provides wireless networks to companies and organizations. Some of its customers include Cisco Systems and the Democratic National Committee.
Discuss: InPhonic reels in $19 million
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