Chango Inc. said Wednesday it has raised $12 million in funding from existing investors including iNovia Capital, Rho Canada Ventures, Metamorphic Ventures, Mantella Venture Partners and Extreme Venture Partners. Chango is an ad technology company, headquartered in Toronto, Ontario.

Mass Relevance said it raised a $3.3 million Series A round of funding led by Austin Ventures and including new investor Battery Ventures. Existing investors Floodgate Fund, Allegro Venture Partners and Metamorphic Ventures participated. The Austin, Texas, company will use the new money to expand in the media, entertainment, consumer brands and retailing industries. PRESS [...]

Precision Health Media, a developer of contextual advertising technology, has raised $1 million in fresh capital. Investors include Cava Capital, the Conyers Group, Metamorphic Ventures, and angels including Geoff Judge, partner in iNovia Capital; David Arcara; Jamie Driver; and Richard Forman of Health Venture Group. PRESS RELEASE With its Condition Match(TM) contextual advertising technology continuing [...]

Nearbuy Systems has raised $1 million from Motorola Solutions Venture Capital, Eric Schmidt’s Innovation Endeavors and Metamorphic Ventures. The company, which makes indoor “mico-location” marketing software, will use the money for continued development of its system, and to get the technology into retail stores. Nearbuy is based in Menlo Park, Calif.

Encoding.com, a San Francisco-based video encoding service provider, has raised $2 million in fresh capital from its current investors. Metamorphic Ventures led the round, which included participation from individual investors Patrick Condon, John Engates and Dave Morgan. The money will be used for expansion, the company said in a written statement.

Earlier this week, Nihal Mehta (pictured) announced he launched LocalResponse, a New York-based developer of a Web-based tool that allows local businesses to respond to check-in posts on social media sites with tailored marketing campaigns. Mehta co-founded the company, previously known as Buzzd, as a social city guide for location-based services. The company had raised about [...]

Thanks to a convergence of trends–smartphone penetration, growing virtual goods transactions, short-range wireless technology and a heightened demand for electronic payments worldwide–it is becoming easier for consumers to part with their cash. And VCs are noticing. In the last year, venture firms have invested more than $440 million in companies developing technologies and services tied [...]

Toronto-based search marketing startup Chango has raised $4.25 million in Series B financing. Rho Canada, a division of NY-based Rho Capital Partners, led the round, which included participation from iNovia Capital, Metamorphic Ventures, Extreme Venture Partners and 24/7 Media co-founder Geoff Judge. As a result of the funding, Rho Canada’s Roger Chabra will join the Chango board.

Electronic billing and payment company Transactis has raised $7 million in a Series B financing round led by New York-based StarVest Partners. Existing shareholders and the company’s management also contributed to the round, which will help Transactis expand sales of its software-as-a-service. In March, Transactis said it had raised $2.5 million in VC funding led by New York-based Metamorphic Ventures.

GSI Commerce Inc. (Nasdaq: GSIC) has acquired FetchBack Inc., a Tempe, Ariz.-based provider of re-targeting solutions for online advertisers. No financial terms were disclosed. FetchBack had raised VC funding from Metamorphic Ventures.