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Since 2020, Soma Capital has backed 10 African startups across 13 disclosed funding rounds totaling $30M, most heavily in Nigeria and Fintech.
Soma Capital is a venture capital firm that invests in software and technology companies globally. The firm operates from San Francisco, California, and focuses on partnering with founders who are building technology driven businesses. Soma Capital presents itself as a platform that backs entrepreneurs using technology to improve humanity at scale. In Africa, Soma Capital has been an active early stage investor between August 2020 and April 2026, participating in 13 funding rounds. The firm primarily backs seed stage companies, with additional activity at Series B and in venture rounds where the stage is not specified. Its African portfolio shows a strong focus on Nigeria and Uganda, with additional investments in South Africa and Algeria. Soma Capital’s sector exposure in Africa includes fintech, crypto and Web3, quick commerce, logistics and supply chain, legal and compliance, and HR and talent, reflected in companies such as Numida, Grey, TeamApt Limited, Workpay, Prembly, Topship, Akiba, Swoop, Acctual, and Obtainly. Across these African investments, Soma Capital often invests alongside well known global and regional co investors such as Y Combinator and other venture firms. The portfolio companies it has backed in Africa provide critical infrastructure for payments, lending, compliance, logistics, payroll, and on demand services, highlighting Soma Capital’s interest in technology solutions that support small businesses and consumers across the continent.
Data updated · Aug 17, 2026
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Soma Capital has backed 10 African startups across 13 disclosed funding rounds tracked on Liners, totaling $30M since 2020.
Mostly Seed: 10 of its 13 tracked rounds are at that stage, followed by Series B (2).
Soma Capital's tracked rounds are concentrated in Nigeria (8), Uganda (3), South Africa (1), and 1 more country.
Its tracked rounds lean toward Fintech (7), Crypto & Web3 (2), Quick Commerce (1), and 3 more sectors.
Soma Capital most often shares rounds with Y Combinator (6 shared deals), Oui Capital (3 shared deals), Kepple Africa Ventures (3 shared deals).
Soma Capital is a venture capital firm that focuses on software and technology companies globally and is based in San Francisco, California. It presents itself as a platform backing founders who use technology to improve humanity at large scale.