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New deal: Socium, HR SAAS for SMEs in Francophone Africa, $5M Seed+ round

We are excited to announce Outlierz Ventures investment in Socium, an HR tech platform for Francophone Africa, in their $5M Seed round co-led by BREEGA and Partech, with the participation of Orange Ventures, Chui Ventures and SONATEL among others.

This deal comes as our Outlierz Ventures Fund II's second investment, and our first one in Senegal and Francophone West Africa, an untapped market within our new mandate that we are bullish on.

We are eager to back 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.

Read more: https://techcrunch.com/2024/11/18/socium-raises-5m-seed-led-by-breega/

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