How many companies are there in Somalia?

As of Aug 2026, there are 632 companies in Somalia.

How many companies in Somalia have received funding?

As of Aug 2026, a total of 77 companies in Somalia have secured funding.

How many acquisitions have taken place in Somalia?

As of Aug 2026, Somalia has seen a total of 5 acquisitions.

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

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Somalia has over 632 startups across the country. Of these, 77 are funded companies that have collectively raised $65.3M in venture capital and private equity. A total of 125 investors have participated in 74 funding rounds. In the last five years, 126 new companies have been founded, raising over $11.8M in funding. Startups in Somalia have witnessed 5 acquisitions and 3 IPOs, while 97 startups wrapped up operations. Additionally, 7 companies have been founded by women.

Key Metrics

Total Companies

632

Top Companies

Opal, Fabric & 3 more

Total Funding

$65.3M

Funded Companies

Series A+ Companies

IPOs

Acquisitions

View complete details of startups in Somalia

Opal 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
Opal	Provider of a smartphone addiction management app	Somalia	2020	Seed	$4.3M
Fabric	Developer of AI and cloud-based file management platform	Somalia	2020	Seed	$1M
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 August 2026, $11.7M has been raised in 2 equity funding rounds across Somalia. In the same period last year (i.e. till July 2025), $2.6M had been raised across 3 rounds in Somalia. So, 2026 has seen a 350% 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
Peripheral Labs	Seed	3399	Aug 17, 2026	Deloitte and 3 more
Trace	Seed	3492	Feb 26, 2026	Y Combinator and 6 more
Peripheral Labs	Seed	3607	Dec 18, 2025	Khosla Ventures and 3 more
Freeda	Series A	3559	Nov 06, 2025	Frst Capital and 1 more
Noso	Seed	3522	2025	Y Combinator

See a more detailed list of funding rounds

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630+ Total Companies
$65.3M+ 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 Somalipublicagenda
Innovate Ventures	Hargeisa (Somaliland)	Bilan Baby, Elmi Academy and 2DOON
Y Combinator	Mountain View (United States)	Slip, Trace and Noso
Solana Ventures	San Francisco (United States)	Katana and manga.so
Transpose Platform	San Francisco (United States)	Peripheral Labs and Trace

See a more detailed list of investors

In the year 2025, till August 2025, 2 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
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
Prosper	Business Acquisition	Sep 13, 2021	Animoca Brands