# Socium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/socium-2

- Industry: Software
- Headquarters: Dakar, Senegal
- Website: www.socium.link
- Total disclosed funding: $5M
- Latest round: Seed (Nov 17, 2024)
- Investors on record: 9

## About

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. In November 2024, Socium raised USD 5 million in seed funding led by new investor Breega, with participation from other new investors Partech, Evolem, Sonatel, Orange Ventures, Outlierz, Dakar Network Angels, Techmind, and Chui Ventures.

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.

The company plans to use its proceeds from November 2024 funding to support its geographic growth strategy.

## Funding rounds

- Seed, Nov 17, 2024, $5M — Partech Partners, Evolem, Sonatel, Breega, Orange Ventures, Outlierz, Chui Ventures, Dakar Network Angels, Techmind

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed
- Evolem — Seed
- Sonatel — Seed
- Breega (https://capitalatlas.ai/funds/breega) — Seed
- Orange Ventures — Seed
- Outlierz (https://capitalatlas.ai/funds/outlierz) — Seed
- Chui Ventures (https://capitalatlas.ai/funds/chui-ventures) — Seed
- Dakar Network Angels — Seed
- Techmind (https://capitalatlas.ai/funds/techmind) — Seed