Soma Capital

The page presents recent news about the company's portfolio companies.

Search job openings across the Soma Capital network.

The page presents Soma Capital's team.

Founded by Aneel Ranadive, who has over 20 years of startup-building and investing experience, Soma Capital invests globally across sectors. Since early 2015, it has invested in hundreds of startups, including 40+ unicorns with a combined value over $50 billion.

Phia, the fashion-shopping startup founded by Phoebe Gates and Sophia Kianni, raises an $8 million seed round led by Kleiner Perkins in three and a half weeks. Its app and browser extension compare fashion prices, and its updated search spans more than 300 million items; the company says it has about 500,000 users since launching in April. The founders say they will use the funding primarily to expand their 12-person team.

Sep 2025 · TechCrunchNews article

Robinhood announces it is acquiring X1, a no-fee credit card startup, for $95 million in cash. X1’s income-based card assesses customers by income rather than credit score and offers rewards; the company has raised $62 million in venture funding. X1 co-founders Deepak Rao and Siddharth Batra will oversee the business, with Rao serving as general manager of credit cards, and Robinhood expects the deal to close in the third quarter.

Jun 2023 · TechCrunchNews article

Zamp develops an end-to-end sales tax compliance platform for e-commerce, enterprise resource planning and marketplace sellers. The service integrates with sales channels or an API to monitor tax obligations, calculate and aggregate sales tax, and alert customers when filings are due. After raising over $4 million, the company plans to automate its solution, hire and prepare to support international sellers; its paying customers include Obvi, Sanzo and YumWoof.

May 2023 · TechCrunchNews article

Axle raises $4 million in seed funding led by Gradient Ventures to expand its insurance data verification business. Its universal API gives customers such as rental car companies access to real-time insurance data, automated verification, and ongoing coverage monitoring, with connections to more than 100 insurance carriers. Axle plans to use the funding to hire, expand carrier coverage, and add markets and use cases.

Apr 2023 · TechCrunchNews article