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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(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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How much of this round already committed?
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When are you aiming to close this round?
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TEAM

How much time do the founders spend on the business?
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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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What percentage of company is owned by founders?
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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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