LocaModa, a provider of place-based social media software, has raised $150,000 of a proposed $1.5 million equity, debt, and rights funding, according to an SEC filing. The startup previously brought in $900,000 in equity funding, according to a June 2009 regulatory filing. VentureWire reports that the firm has raised funding from Dace Ventures, of Waltham, MA, and New York City, the India-based conglomerate Mahindra Group, and Presidio Ventures, a U.S. investment arm of the Japanese conglomerate Sumitomo.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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