SOMA Finance
About this raise
SOMA Finance, with a valuation of $155.6 million, is raising funds on Akemona. The company is building the technology and systems required for a platform to issue, purchase, and sell securities utilizing distributed ledger technology. SOMA Finance is a decentralized web-based platform that uses peer-to-peer marketplace technology to provide ease of use and accessibility. The platform is bringing DeFi to TradFi along with the safety and security of a regulated peer-to-peer platform. William Heyn founded SOMA Finance in October 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $5 million. The campaign proceeds will be used for professional fees, service fees, software fees, and working capital.
Investment Overview
Invested : $204,413
Deal Terms
Total Commitments
- Platform
- Akemona
- Start Date
- 01/18/2024
- Close Date
- 04/30/2024
$15,000
$5,000,000
$100
Equity - Preferred
Series B
RegCF
$2.50
$155,555,554
Company & Team
Company
- Year Founded
- 2021
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $11,680,304
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2024 | Akemona | $155,555,554 | $204,413 | Equity - Preferred | Funded | RegCF |