After backing Senegal-based Socium in 2021, we’re proud to lead Socium’s $5M raise, and reaffirm our commitment to scaling impactful startups for the long term.
Over 90% of mid-sized companies in Francophone Africa lack efficient HR solutions, relying on time-consuming manual processes that expose them to financial, legal, and operational risks.
Samba LO & Serigne Seye are tackling this head-on with Socium: an all-in-one HR platform designed specifically for the unique needs of African companies: recruitment, talent administration, performance management, and payroll processing.
With this funding, Socium will strengthen its presence in Senegal, Côte d'Ivoire, and Cameroon, while expanding into new markets like the Democratic Republic of Congo and Morocco. The funds will also accelerate the development of AI-driven innovations to simplify payroll and compliance, continuing to transform HR for its 100+ clients and beyond!