Socium, an all-in-one HR management platform based in French-speaking Africa, has secured a $5 million funding round to expand its services and become the go-to HR solution for mid-sized companies in the region.
This funding follows a previous $1.1 million round in August 2022, highlighting the company’s rapid growth despite a broader slowdown in African tech funding.
The latest investment was led by Breega through its Africa Seed fund, with participation from international investors including Partech, Chui Ventures, Orange Digital Ventures, Sonatel, Outlierz Ventures, Super Capital, and DNA. Prominent African business angels such as Mossadeck Bally (founder of the Azalaï group), Hassan Bourgi (founder of Djamo), and Babacar Seck (founder of Askya Investment Partners) also contributed to the round, underscoring growing support for local startups.
Simplifying HR Management in Francophone Africa
Co-founded in 2021 by École Polytechnique alumni Samba Lo and Serigne Seye, Socium addresses the critical need for digital HR solutions in Francophone Africa, where over 90% of mid-sized companies lack an HR management system. This gap often results in time-consuming manual processes and increased operational, legal, and financial risks.
Initially launched with a recruitment module, Socium has expanded its offerings to provide a comprehensive HR management platform. The platform now includes recruitment, talent administration, performance management, and payroll processing, tailored specifically for the unique needs of African companies.
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