somos impact fund

at somos, we're all about co-ownership, collaboration, and community!

our impact fund supports core community partners who are aligned with our mission to champion language, worker and migrant rights.

they receive 1% of our gross merchandising value and a shareholding in somos.

discover our unique approach below!

image of a connected world

empowering our core community partners 🤝

  • 📈 equity ownership + dividends

    our core community partners receive 500 shares each with the same financial and voting rights as the founder and investors.

    this entitles them to dividends and a payout in the event somos is sold.

  • 💰 1% of gross merchandising value

    1% of all cash flowing through the platform from product sales is split equally amongst our core community partners.

  • 🎉 1% of any additional revenue

    in addition, we donate another 1% of any extra somos revenue to our impact fund, which is then divided equally among our core community partners 😄

  • 🌐 in kind benefits + support

    we happily provide our community partners with:

    ⭐️ complimentary access to our technology (or at cost if offered by a third party).

    ⭐️ entry to our discount marketplace in collaboration with builtfirst.

meet our core community partners 🎉

we're excited to be working with amazing organizations that share our mission and values.

we'll be announcing our first two core community partners in 2023! 

subscribe here for updates 

✨ announcement coming soon! ✨

✨ announcement coming soon! ✨

frequently asked questions

a unique set up comes with questions! here are some common ones but of course if you have more, please feel free to get in touch 😀 

  • which community organisations will somos be partnering with?

    we can't wait to reveal our core community partners in 2023! they'll be amazing groups focused on:

    🔹 championing language, worker, and migrant rights
    🔹 promoting education and lifelong learning
    🔹 preserving endangered, minoritized, and indigenous languages
    🔹 empowering refugees and migrants in diaspora.

    stay tuned for our announcements!

  • why is somos making its community partners shareholders?

    great question! we believe in aligning our long-term future with the communities we serve.

    if somos thrives, we want to share that success with the grassroots organizations doing amazing work in language, culture, and people protection. 🤝

    traditional csr and diversity and inclusion programs can be pretty top-down. we're all about building with, not just for, the communities we work in.

    by giving our partners shares with the same financial and voting rights as our other investors, we're making sure we stay directly accountable to them.

    it's about collaboration and shared success! 🌟

  • Is somos a not for profit?

    nope, somos is actually a for-profit social enterprise! 🚀

    while we do aim to make a profit, what sets us apart is our commitment to co-ownership and creating a positive impact on society.

    our unique ownership model allocates equity to our team, teachers and grassroots community organizations, making them part of the somos project.

    our governing documents require us to consider key stakeholders like employees, partners, and the wider community when making decisions. so, while we're a business, we're all about balancing profit, purpose, and shared ownership! 💡

  • does somos work with community groups and charities other than its core partners?

    absolutely! we're always excited to collaborate with organizations that align with our mission, especially those focused on: 

    1️⃣ teaching or facilitating the learning of endangered, minoritized & indigenous languages 

    2️⃣ supporting refugees and migrants in diaspora (e.g., offering free local language classes, protecting rights, etc.)

    3️⃣ broadening access to digital education

    4️⃣ promoting mental health and wellbeing.

    if you're a charity or community organization interested in working with us or think our platform could help you, please don't hesitate to get in touch

    we'd love to chat and explore possibilities together. 🌍💫

how somos is managed

at somos, we're proud to be community-backed! with 23 investors participating in our pre-seed fundraising round, we've built a strong foundation that values equity ownership for employees, teachers, and grassroots community organizations.

together, we're forging a future built on co-ownership and collaboration. 🌟

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