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DBS Raises Series D

DBS Communications Inc., a Schaumburg, Ill.-based mobile virtual network operator (MVNO), has raised $17.24 million in Series D funding, according to a regulatory filing. Return backers include NeoCarta Ventures, Montagu Newhall Associates, Sierra Ventures, MK Capital and SVB Capital. DBS has raised around $54 million in total VC funding since 2002. www.dbsnow.com