Dace Backs LocaModa

LocaModa Inc., a Somerville, Mass.-based developer of location-based text-messaging services, has raised $6.18 million in Series A funding, according to a regulatory filing. Shareholders include Dace Ventures, Mahindra & Mahindra Ltd. and Reliance Ports & Terminals Ltd. Among LocaModa's products is something called Wiffiti (wireless graffiti), in which coffee shop patrons can send text messages to large screens. The company is run by Stephen Randall, who previously co-founded smartphone software company Symbion. www.locamoda.com