What is Soma Daze?
Headquartered in Boston, Massachusetts, Soma Daze operates within the location technology sector. The company specializes in providing advanced location positioning, context, and intelligence solutions. Its offerings are designed to empower businesses with deeper insights derived from location data, enabling more sophisticated applications and services. The company's focus on location technology suggests a strategic position in a market driven by data analytics and real-time information.
How much funding has Soma Daze raised?
Soma Daze has raised a total of $16.8M across 3 funding rounds:
Other Financing Round
$1.8M
Series A
$6.5M
Series C
$8.5M
Other Financing Round (2004): $1.8M with participation from Nokia and CVP
Series A (2005): $6.5M led by Bain Capital Ventures, Converge, and Intel Capital
Series C (2007): $8.5M supported by CVP, Bain Capital Ventures, RRE Ventures, and Intel
Key Investors in Soma Daze
CVP
CVP Packaging is a leader in eco-friendly plastic packaging, offering a wide range of products including bottles, buckets, pots, and accessories tailored for various industries such as food, beauty, chemistry, and health. The company emphasizes eco-design in all its packaging developments, ensuring that all products have solutions for end-of-life valorization.
Bain Capital Ventures
Founded in 1984, Bain Capital is one of the worlds leading private investment firms. The firm is committed to creating lasting impact for its investors, teams, portfolio businesses, and the communities in which it operates. As a private partnership, Bain Capital leads with conviction and fosters a culture of collaborationadvantages that drive innovation in investment strategies, unlock opportunities, and enable the creation of exceptional outcomes.
RRE Ventures
RRE Ventures is a venture capital firm dedicated to supporting founders at critical stages of their business journey. The firm invests in a diverse portfolio of startups, focusing on long-term partnerships with entrepreneurs. RRE aims to back exceptional teams and innovative ideas to foster growth and success.
What's next for Soma Daze?
With substantial enterprise-level backing and a recent strategic investment, Soma Daze is poised for accelerated growth. The company's trajectory, marked by consistent funding rounds including Series C, Series A, and other financing, indicates a mature stage of development, likely focused on scaling operations, expanding market reach, and further innovating its location technology platform. Future endeavors will likely involve leveraging its enhanced capital position to solidify its competitive advantage and explore new market opportunities within the burgeoning location intelligence landscape.
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