Socium
Latest round
- Seed
Last raised
- Nov 2024
Total raised
- $5M
Investors
- 9
About Socium
Based in Dakar, Senegal, and founded in 2021 by co-founder and CEO Samba Lo, Socium operates as an HR-tech company that focuses on providing an HRIS solution designed to improve various HR processes. Socium specializes in providing a human resources information system (HRIS) designed to streamline various HR processes, including recruitment, payroll management, document management, and performance evaluation. The company’s core offerings, such as Socium job, which facilitates recruitment through an optimized talent scoring algorithm, and Socium payroll, which automates payroll management, ensuring compliance with local regulations and accurate salary calculations. Additionally, the Socium workflow module simplifies internal processes by automating tasks related to leave management and expense reimbursements, and Socium Doc centralizes HR documentation, enhancing administrative efficiency. The products are aimed at businesses seeking to modernize their HR operations, with a particular focus on markets in West Africa, including countries like Ivory Coast and Senegal. The revenue model for Socium is structured around subscription-based services, where clients pay for access to its suite of HR tools on either a monthly or annual basis.
Who invested in Socium
9 investors across 1 round
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Funding rounds
Seed
Nov 17, 2024
Amount
$5M
Investors
Questions about Socium
Who invested in Socium?
Socium has 9 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Socium raised?
Socium has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Socium last raise money?
Socium's most recent round on record is a Seed, in Nov 2024.
What does Socium do?
Based in Dakar, Senegal, and founded in 2021 by co-founder and CEO Samba Lo, Socium operates as an HR-tech company that focuses on providing an HRIS solution designed to improve various HR processes.
Where is Socium headquartered?
Socium is headquartered in Dakar, Senegal.
Which VCs invest in companies like Socium?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Norrsken22 and 4DX Ventures back software companies at Socium's stage. Their profiles are linked below.
VCs backing software startups at Seed
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