About SOMA Global
SOMA Global is a company based in Largo (United States) founded in 2017 by Nick Stohlman was acquired by Greater Sum Ventures in February 2024.. SOMA Global has raised $35.61 million across 2 funding rounds from investors including Weatherford Capital and Greater Sum Ventures. The company has 44 employees as of December 31, 2022. SOMA Global offers products and services including SOMA Hub, SOMA Dispatch, SOMA Records, SOMA Mobile, and SOMA Corrections. SOMA Global operates in a competitive market with competitors including TerraGo, Securus Technologies, Juvare, TriTech and Omnigo, among others.
- Headquarter Largo, United States
- Employees 44 as on 31 Dec, 2022
- Founders Nick Stohlman
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Sectors
Government & Social Sector
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Soma Global, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35.61 M (USD)
in 2 rounds
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Latest Funding Round
$13.11 M (USD), Series A
Apr 05, 2023
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Investors
Weatherford Capital
& 1 more
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Employee Count
44
as on Dec 31, 2022
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Acquired by
Greater Sum Ventures
(Feb 08, 2024)
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Products & Services of SOMA Global
SOMA Global offers a comprehensive portfolio of products and services, including SOMA Hub, SOMA Dispatch, SOMA Records, SOMA Mobile, and SOMA Corrections. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based hub for connecting agencies and data instantly.
Delivers real-time data to first responders for secure operations.
Manages law enforcement data with configurable cloud tools.
Enhances safety for frontline personnel in communities.
Provides integrated solutions for corrections and inmate management.
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Funding Insights of SOMA Global
SOMA Global has successfully raised a total of $35.61M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13.11 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $13.1M
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First Round
First Round
(26 Jan 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - SOMA Global | Valuation |
investors |
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| Jan, 2021 | Amount | Series A - SOMA Global | Valuation | Weatherford Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SOMA Global
SOMA Global has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Weatherford Capital and Greater Sum Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC and PE investments are provided by family office-backed firm.
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Founded Year | Domain | Location | |
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Growth equity and operational support are provided by Greater Sum Ventures to technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SOMA Global
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SOMA Global
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Soma Global Comparisons
Competitors of SOMA Global
SOMA Global operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TerraGo, Securus Technologies, Juvare, TriTech and Omnigo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile based data collection and geospatial collaboration software provider
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| domain | founded_year | HQ Location |
Public safety, investigations, and corrections solutions are provided to agencies.
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| domain | founded_year | HQ Location |
ERP software and solutions are offered for multiple industries.
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| domain | founded_year | HQ Location |
Public safety software for incident response workflows is provided.
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| domain | founded_year | HQ Location |
Public safety, incident, and security management solutions are delivered.
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| domain | founded_year | HQ Location |
Public safety software solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Soma Global
Frequently Asked Questions about SOMA Global
When was SOMA Global founded?
SOMA Global was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is SOMA Global located?
SOMA Global is headquartered in Largo, United States. It is registered at Largo, Florida, United States.
Is SOMA Global a funded company?
SOMA Global is a funded company, having raised a total of $35.61M across 2 funding rounds to date. The company's 1st funding round was a Series A of $22.5M, raised on Jan 26, 2021.
How many employees does SOMA Global have?
As of Dec 31, 2022, the latest employee count at SOMA Global is 44.
What does SOMA Global do?
SOMA Global was founded in 2017 and is headquartered in Largo, United States. Cloud-based software solutions are offered for public safety management, targeting law enforcement, first responders, and government agencies. Key components include critical-response and interoperability tools, incident management systems, courts and corrections management, public engagement features, and administrative solutions. Operations focus on operational and management software within the public sector.
Who are the top competitors of SOMA Global?
What products or services does SOMA Global offer?
SOMA Global offers SOMA Hub, SOMA Dispatch, SOMA Records, SOMA Mobile, and SOMA Corrections.
Who are SOMA Global's investors?
SOMA Global has 2 investors. Key investors include Weatherford Capital, and Greater Sum Ventures.