Somo creates solutions for the connected world, with a mission to help businesses increase sales, customer engagement and productivity. Somo's full service offering has three focused divisions: Custom Product Development, Marketing for the Connected World, Products and Platforms.
Somo has built some of the most innovative and creative mobile products in the market and run some of the most successful ad campaigns for brands all over the world such as Audi, De Beers, BP, and The New York Times. 

Type
Private
HQ
London, GB
Founded
2009
Size (employees)
132 (est)-1%
Somo was founded in 2009 and is headquartered in London, GB
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Key People/Management at Somo

Nick Hynes

Nick Hynes

CEO
Carl Uminski

Carl Uminski

COO
Dave Evans

Dave Evans

Chief Technology Officer
Ross Sleight

Ross Sleight

Chief Strategy Officer
Stephanie Emmanouel

Stephanie Emmanouel

VP Business Development
Tim Johnson

Tim Johnson

Head of Production
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Somo Office Locations

Somo has offices in San Francisco, London, New York and Bristol
London, GB (HQ)
18th Floor Portland House Bressenden Place Victoria
Bristol, GB
5th Floor 1 Temple Way
New York, US
51 East 12th Street
San Francisco, US
11th Floor 180 Sansome Street
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Somo Financials and Metrics

Summary Metrics

Founding Date

2009

Somo total Funding

$5.5 m

Somo latest funding size

$5.50 m

Time since last funding

4 years ago

Somo investors

Somo's latest funding round in April 2014 was reported to be $5.5 m. In total, Somo has raised $5.5 m
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Somo Revenue

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Somo's revenue was reported to be £25.13 m in FY, 2016 which is a 14.7% increase from the previous period.
GBP

Revenue (FY, 2016)

25.1 m

Revenue growth (FY, 2015 - FY, 2016), %

14.7%

Gross profit (FY, 2016)

6.6 m

Gross profit margin (FY, 2016), %

26.3%

Net income (FY, 2016)

572.2 k

EBITDA (FY, 2016)

839.1 k

EBIT (FY, 2016)

809.3 k

Cash (31-Dec-2016)

321.5 k
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

10.6 m23.1 m21.2 m21.9 m25.1 m

Revenue growth, %

(8%)3%15%

Cost of goods sold

9.2 m19.2 m17.4 m14.9 m18.5 m

Gross profit

1.4 m3.8 m3.8 m7 m6.6 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

190.5 k264.8 k167.3 k39.5 k321.5 k

Accounts Receivable

5.1 k1.9 m1.4 m926.4 k3.6 m3.8 m

Current Assets

5.1 k2.8 m4.2 m2.7 m4.8 m6.3 m

PP&E

118.2 k214.6 k119.8 k22.2 k26.9 k
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(2.6 m)(2.2 m)(7.6 m)(2.3 m)572.2 k

Cash From Operating Activities

(2.1 m)(205.9 k)(6.4 m)(1.9 m)293.7 k

Cash From Financing Activities

2 m1.6 m6.6 m2.1 m(26 k)

Net Change in Cash

(497.6 k)74.3 k(97.4 k)(127.8 k)282 k
GBPY, 2016

Revenue/Employee

151.2 k

Debt/Equity

-0.5 x

Debt/Assets

0.5 x

Financial Leverage

-0.9 x
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Somo Online and Social Media Presence

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Somo Company Life and Culture

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