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 leverage data for enhanced understanding and application of geographical information, positioning it as a key player in a market driven by data analytics and real-time insights.
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 CVP and Nokia
Series A (2005): $6.5M led by Bain Capital Ventures, Converge, and Intel Capital
Series C (2007): $8.5M supported by Bain Capital Ventures, CVP, Intel, and RRE Ventures
Key Investors in Soma Daze
Bain Capital Ventures
Bain Capital Ventures is a prominent venture capital firm with a long history, focusing on creating lasting impact through strategic investments. They apply deep sector expertise across various investment areas, including growth and venture capital, to drive innovation and unlock opportunities for portfolio companies.
Nokia
NGP Capital, associated with Nokia, is a venture capital firm that supports founders in building impactful companies. They specialize in early-stage B2B companies at the intersection of physical and digital worlds, acting as long-term partners for transformative technology ventures.
RRE Ventures
RRE Ventures is a venture capital firm committed to backing exceptional teams and innovative ideas. They focus on building long-term partnerships with entrepreneurs, providing strategic investment and support to startups at critical stages of their business journey.
What's next for Soma Daze?
The substantial enterprise-level backing indicates Soma Daze is poised for significant scaling and market expansion. This strategic investment will likely fuel further research and development, enhance its technological infrastructure, and broaden its market reach. The company's focus on location technology suggests potential applications in areas such as logistics, IoT, and data-driven services, positioning it for continued growth and innovation in the competitive tech landscape.
See full Soma Daze company page
