InPhonic Leads Pack with $56 Million Deal

In the biggest deal this year for a wireless voice and data services provider, Washington, D.C.’s InPhonic received a $56 million Series E round of financing from Technology Crossover Ventures (TCV). TCV insisted on being the sole investor in the deal and InPhonic – which is already in registration to raise $90 million in an IPO – not only turned away other interested VCs, but also took significantly less money from TCV than the VC wanted to put into the company. The up round brings the company’s total raised to $85 million.

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