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Sommalife

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January 20, 2024
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Sommalife

Sommalife connects poverized smallholder farmers and their products from West-Africa to international markets ensuring sustainable, fair and tracable sourcing.

Achievement

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Founded in

2020

Country

Netherlands

Province

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Industry

AgriTech

SDGs

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Patent information

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Team

Number of founders

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Number of employees

Founder backgrounds

Exit experience

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Relevant industry experience

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Previous startup experience

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Female founder

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EUR / Erasmus MC or TUDelft relation

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Graduation year from EUR, Erasmus MC or TUDelft

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In the news

Investment details

Amount raising

2000000

Ownership founders

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Lead investor

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Current investors

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Intended closing date

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Fundraising status

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Already committed

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Revenue Metrics

Monthly revenue

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Monthly growth

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Paying customers

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Monthly active users

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Sommalife

Direct Message
Website
Download Pitch Deck
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Export data
January 20, 2024
Data is self reported

Sommalife

Sommalife connects poverized smallholder farmers and their products from West-Africa to international markets ensuring sustainable, fair and tracable sourcing.

Achievement

Registered 65,000 in our network on our in-house developed software. We have direct (impact) data on those farmers and set up a unique infrastructure in the rural areas to easily engage with those farmers in a low-cost efficient way.

Founded in

2020

Country

Netherlands

Province

Noord-Holland

Industry

AgriTech

SDGs

No poverty (SDG #1), Decent work and economic growth (SDG #8), Reduced inequalities (SDG #10), Climate action (SDG #13)

Patent information

No

Team

Number of founders

5

Number of employees

Founder backgrounds

Exit experience

No

Relevant industry experience

Yes

Previous startup experience

No

Female founder

Yes

EUR / Erasmus MC or TUDelft relation

EUR EMC TUDelft

Graduation year from EUR, Erasmus MC or TUDelft

2022

In the news

Investment details

Amount raising

2000000

Ownership founders

100% owned by founders

Lead investor

No

Current investors

1800000 total: 800000: angels (CLA) 500000: debt (crowdfunding + DFI) 500000: grant (DFI, subsidies)

Intended closing date

Q3 this year

Fundraising status

Already committed

300000

Revenue Metrics

Monthly revenue

€200K - €400K

Monthly growth

>16%

Paying customers

30

Monthly active users

1

Sommalife

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Sommalife connects poverized smallholder farmers and their products from West-Africa to international markets ensuring sustainable, fair and tracable sourcing.
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FINANCIAL PERFORMANCE

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INVESTMENTS

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TEAM

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Is there a founder with previous co-founder / c-level at startup experience?
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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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Is there a women founder with at least 5% of the shares?
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Is there a founder with a EUR / Erasmus MC or TUDelft relation?
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Graduation year from EUR, Erasmus MC or TUDelft
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OTHER

Year founded
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
€200K - €400K
Growth rate month over month
>16%
Monthly revenue context
250000
Number of paying customers
30
Monthly active users
1

INVESTMENTS

Do you have a lead investor?
No
How much have you raised in the past?
1800000 total: 800000: angels (CLA) 500000: debt (crowdfunding + DFI) 500000: grant (DFI, subsidies)
How much of this round already committed?
300000
When are you aiming to close this round?
Q3 this year

TEAM

How much time do the founders spend on the business?
100%
Is there a founder with previous co-founder / c-level at startup experience?
No
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
No
What percentage of company is owned by founders?
100% owned by founders
Is there a women founder with at least 5% of the shares?
Yes
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
Founder graduated from TU Delft, EUR or Erasmus MC
Graduation year from EUR, Erasmus MC or TUDelft
2022

OTHER

Year founded
2020
Patent status
No

Basic details

Amount raising
2000000
Country
Netherlands
Industry
AgriTech
Website
https://sommalife.com
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
January 20, 2024

Key Achievements

  • Registered 65,000 in our network on our in-house developed software. We have direct (impact) data on those farmers and set up a unique infrastructure in the rural areas to easily engage with those farmers in a low-cost efficient way.
  • We built our software called TreeSyt, which now has been succesfully piloted within our own organisation and operations. With all lessons applied, all Sommalife's operations considering sourcing and selling raw commodities, have now been moved to go through the software enabling us to trace all products back to its origin. This way we know it is suitable for other clients too.

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