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Zennstrom’s FreedomPop Raises $30 Million, Ends Talks on Sale

FreedomPop Inc., the Wi-Fi-based wireless carrier backed by Skype co-founder Niklas Zennstrom, said it has raised $30 million in funding led by Partech Ventures.

The funding includes existing backers DCM Capital and Mangrove Capital as well as an unnamed strategic investor, FreedomPop said Wednesday in a statement. The startup talked with six potential buyers, then opted to raise a new funding round, Chief Executive Officer Stephen Stokols said in an interview.