How many companies are there in Somalia?

As of Oct 2026, there are 772 companies in Somalia.

How many companies in Somalia have received funding?

As of Oct 2026, a total of 79 companies in Somalia have secured funding.

How many acquisitions have taken place in Somalia?

As of Oct 2026, Somalia has seen a total of 6 acquisitions.

Startups in Somalia - 2026 Latest Funding Rounds, Trends and News

Somalia has over 772 startups across the country. Of these, 79 are funded companies that have collectively raised $53M in venture capital and private equity. A total of 128 investors have participated in 73 funding rounds. In the last five years, 172 new companies have been founded, raising over $8.2M in funding. Startups in Somalia have witnessed 6 acquisitions and 3 IPOs, while 97 startups wrapped up operations. Additionally, 7 companies have been founded by women.

Key Metrics

Total Companies

772

Top Companies

Fabric, Opal & 3 more

Total Funding

$53M

Funded Companies

Series A+ Companies

IPOs

Acquisitions

View complete details of startups in Somalia

Fabric is the top company in Somalia, ranked using Tracxn Score (what's this?).

Here are 5 of the top companies in Somalia:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Fabric	Developer of AI and cloud-based file management platform	Somalia	2020	Seed	$1M
Opal	Provider of a smartphone addiction management app	Somalia	2020	Seed	$4.3M
Hormuud Telecommunication	Integrated telecom services provider in Somalia	Mogadishu (Somalia)	2002	Funding Raised	-
Telesom	Provider of telecommunications, internet, and mobile financial services	Somalia	2002	Unfunded	-
Mapify	Mapify: AI Mind Map Summarizer	Somalia	-	Unfunded	-

Get a longer list of companies

In the year 2026, till June 2026, $3M has been raised in 2 equity funding rounds across Somalia. In the same period last year (i.e. till May 2025), $1.6M had been raised across 1 round in Somalia. So, 2026 has seen a 87.5% rise in funding in companies of Somalia as compared to 2025.

Here are some recent, important funding rounds in Somalia:

Company	Round Raised	Amount Raised	Funding Date	Investors
Membase	Seed	1243	Jun 25, 2026	Kakao Ventures
Trace	Seed	6346	Feb 26, 2026	Y Combinator and 6 more
Freeda	Series A	3557	Nov 06, 2025	Frst Capital and 1 more
Trace	Seed	1293	Jul 01, 2025	Y Combinator
Noso	Seed	1465	2025	Y Combinator

See a more detailed list of funding rounds

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770+ Total Companies
$53M+ Total Funding
75+ Funded Companies
3 IPOs
5+ Acquisitions

Europa is the top investor in companies of Somalia based on number of companies invested.

Here are some top investors in Somalia:

Investor	Location	Top Portfolio Companies
Europa	Belgium	Puntland State University, Mu and ADRA Somali
Innovate Ventures	Hargeisa (Somaliland)	Bilan Baby, Elmi Academy and 2DOON
Y Combinator	Mountain View (United States)	Slip, Trace and Noso
Brick & Mortar Ventures	San Francisco (United States)	Freeda and timber.so
U.S. Department of State	Washington (United States)	Mu and SERDEC

See a more detailed list of investors

In the year 2025, till October 2025, 3 acquisitions happened in Somalia. Last year, in 2024, a total of 1 acquisition happened in Somalia.

Here are some recent, important acquisitions in Somalia:

Company	Acquisition Type	Acquisition Date	Acquirers
INSITU	Business Acquisition	Oct 21, 2025	Mention Me
Sunroom	Business Acquisition	Aug 14, 2025	Fanfix
Light	Business Acquisition	Apr 08, 2025	Sequence
Pay.so	Business Acquisition	Nov 25, 2024	Request Network
Tap Finance	Business Acquisition	Feb 01, 2022	PsyOptions