written by

Khawar Malik

first published

July 31, 2022

last updated

October 8, 2024

somos closes second fundraising round, bringing pre-seed total to $100k+

creator platform somos closed a new round of pre-seed funding at a valuation of $1.9m this month.

the social enterprise set up in october 2021 and has raised $100k+ across two rounds so far.

the community backed venture has 23 investors, many of whom took part in both rounds.

somos has a unique ownership model that allocates equity ownership for the team, language teachers and grassroots community organisations.

what's next at somos?

⭐️ the new funding is to hire new team members via a partnership with open door policy. the singapore based not-for-profit trains & connects refugees to remote work opportunities.

⭐️ somos recently signed a strategic partnership with product accelerator, pmdojo. the partnership will see 5 pmdojo fellows take a new product feature to market for somos in 10 weeks. the cohort will begin work in late august 2022.

⭐️ somos till be announcing the first of its partners for its impact fund in h2 2022. the fund supports refugees & migrants in diaspora, language rights initiatives, mental health & wellbeing.

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