DEAL ANNOUNCEMENT 📣🚀 🔥Outlierz Ventures is eager to be backing Samba LO and Serigne Seye at Socium in their $5M Seed equity and debt round co-lead by Breega and Partech, with the participation of Orange Ventures, Chui Ventures and SONATEL among others. 🌍 Socium provides a full-fledge #HR #tech SAAS platform for SMEs in #Francophone #Africa, offering a solution for talent management, payroll and recruitment. With more than 100+ clients across 15+ markets in Francophone Africa in 2.5 years since launch, this funding round with enable Socium to sclae faster in the region and enter new markets like #Morocco 🇲🇦 🎉 We are excited to be partnering with an incredible #founding #team and supporting them in their journey of building and scaling a new #category #leader for Francophone Africa that creates significant value for SMEs and pushes the Africa’s economy forward! Kenza Lahlou Diego A. @Tom Sperry @Adam Stoll #portfoliocompanies #Africa #VC #tech #HRtech
📣🎉 Excited to finally announce Outlierz Ventures investment in Socium, an #HR #tech platform for #Francophone Africa, in their $5M Seed round (debt and equity) co-led by Breega and Partech, with the participation of Orange Ventures, Chui Ventures and SONATEL among others. 🇸🇳 This deal comes as our Fund II second investment and our first one in #Senegal and #Francophone #West Africa, an untapped market within our new mandate we are bullish about. 🤝 We are eager to be backing Samba LO and Serigne Seye, as they build a leading HR SAAS platform for SMEs in Francophone Africa, offering a solution for #talent management, #payroll and #recruitment. After only 2.5 years since its launch, Socium counts 100+ #clients across 15+ #markets in Francophone Africa, including local subsidiaries of Orange, Auchan, EY or startups like Djamo. 🌟We have been impressed by the vision and the execution skills of Samba and his team and are looking forward to working with Socium to accelerate its expansion in North and West Francophone Africa, including #Morocco! 🇲🇦 📍At Outlierz Ventures, we back exceptional founders using technology to transform key traditional industries across Africa biggest tech hubs. Automation of SMEs’ manual and informal processes to improve their efficiency and productivity is a key area where we see huge potential on the continent across sectors, and #HR is one of them. 🚀🌍 We are bullish about the potential of the region and continent and look forward to backing more incredible founders pushing Africa forward! 👉 Read more on TechCrunch Diego A. @Tom Sperry @Adam Stoll #outlierzventures #portfoliocompanies #VC #tech #investment #Africa