About Soma
Soma is a company based in Helsinki (Finland) founded in 2010 by Ville Hilmola. Soma has raised $1.79 million across 4 funding rounds from investors including Business Finland. Soma offers products and services including Soma App and Brand Data Hub. Soma operates in a competitive market with competitors including Digimarc, ScanTrust, TruTag Technologies, Dust Identity and Nexite, among others.
- Total Equity Funding$1.79M (USD)
in 4 rounds
- Latest Funding Round$500K (USD), Seed
Jul 2020
- Investors
Products & Services of Soma
Soma offers a comprehensive portfolio of products and services, including Soma App and Brand Data Hub.
App for verifying luxury product authenticity via digital passports.
Platform for brands to issue and manage digital passports securely.
Funding Insights of Soma
Soma has successfully raised a total of $1.79M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in July 2020. 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 $1.79M
- Total Rounds 4
- Last Round Seed — $500,000
- First Round $6.05M
(Nov 2017)
- Investors Count 1
All 4 funding rounds of Soma with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | $500,000 | Seed | – | – | – |
| Apr 2019 | $1.23M | Seed | – | Business Finland | – |
| Aug 2018 | $58,439 | Seed | – | – | |
| Nov 2017 | $6.05M | Token Sale | – | – | – |
1 investors in total: 1 institutional.
Investors in Soma
Soma has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Business Finland.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Innovation, internationalization, and investment support for businesses is provided. | 1983 | businessfinland.fi | Helsinki, Finland |
Investor details for Soma
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Soma
1 people are tracked at Soma (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ville Hilmola | Co-Founder & COO | Leadership |
Complete people profiles for Soma
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Soma
3 dated milestones of Soma across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Soma is founded.
- Funding First funding round of $6.0M.
- Funding Latest funding round, Seed, of $500K.
Competitors of Soma
Soma 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 Digimarc, ScanTrust, TruTag Technologies, Dust Identity and Nexite, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| digimarc.com | 1994 | Portland, United States | $60M | 215 | Anti-counterfeiting barcode solutions are supplied to brands and retailers. | |
| scantrust.com | 2014 | Beijing, China | $5.53M | – | Copy-proof QR codes are provided for counterfeiting protection. | |
| trutags.com | 2011 | Honolulu, United States | $64.44M | 26 | Anti-counterfeiting solutions are offered via microscopic edible barcodes for authentication. | |
| dustidentity.com | 2018 | Newton, United States | $52.3M | 28 | Diamond-based unclonable security tags for hardware authentication are provided. | |
| nexite.io | 2018 | Tel Aviv, Israel | $67M | – | Provider of product authentication counterfeit labels for offline retailers | |
| marqvision.com | 2019 | Cambridge, United States | $94.26M | – | Provider of counterfeiting solutions for e-commerce businesses | |
| verifyme.com | 1999 | New York, United States | $2.26M | 50 | Solutions for brand protection and precision logistics are provided. | |
| entrupy.com | 2012 | New York, United States | $2.6M | 56 | Product authentication solutions for retailers are provided via patented devices. | |
| sproxil.com | 2009 | Cambridge, United States | $3.1M | 28 | Mobile technology is deployed to authenticate products against counterfeits. | |
| trust-place.com | 2020 | Marseille, France | $4.45M | – | NFC-based authentication and traceability solutions are provided for products. |
Detailed competitors of Soma
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Soma
Complete news archive for Soma
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Soma
10 companies that operate in the same segment as Soma (Autonomous & In-Store Retail Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | – | 128 | |
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | – | |
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | – | – | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | – | – | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Point-of-sale financing is enabled for installment purchases at partnered retailers. | 2016 | Minneapolis, Minnesota, United States | USD 17.51 M | USD 450.28 M | 408 | |
Loyalty management solutions are provided for offline retail stores. | 2012 | San Francisco, California, United States | USD 23.1 M | – | 23 | |
Mobile apps enable real-time retail data collection by field teams. | 2011 | Denver, Colorado, United States | USD 71 M | – | – | |
Unified platform for retail and supply chain planning is offered. | 2005 | Helsinki, Finland | USD 816.41 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Soma
Soma was founded in 2010 and raised its 1st funding round 7 years after it was founded.
Soma is headquartered in Helsinki, Finland.
Soma is a funded company, having raised a total of $1.79M across 4 funding rounds to date. The company's 1st funding round was a Token Sale of $6.05M, raised on Nov 2017.
Soma was founded in 2010 in Helsinki, Finland, as a provider of product authentication solutions in the blockchain sector. Blockchain certification is applied to products and collections to ensure traceability. Authenticity is verified through the Soma app, where digital passports on mobile devices display essential item details, origin, and history. Operations focus on enabling businesses to prove product legitimacy.
Soma's top competitors include Digimarc, VerifyMe and Dust Identity.
Soma offers Soma App and Brand Data Hub.
Soma has 1 investor. Key investors include Business Finland.