-67%

est. 2Y upside i

Series A

Internet for the urban developing world.

Rank

#2260

Sector

Telecommunications, Internet Service Provider

Est. Liquidity

~5Y

Data Quality

Data: Medium

Somos is a fast-growing Series A telecom startup in Colombia, showing impressive user and revenue growth and nearing company-wide profitability by mid-2025.

Last updated: March 10, 2026

Bull (30%)+250%

Somos successfully leverages its proprietary Orb router and Artemis network software to rapidly expand its high-speed fiber network into new urban areas, capturing significant market share from incumbents due to superior technology and pricing. Achieving company-wide profitability by mid-2025 and tripling its user base, the company reaches a $315M valuation, demonstrating strong execution and a clear path to becoming a dominant regional player.

Base (25%)+20%

Somos continues to grow its user base and revenue at a steady pace, maintaining its niche in providing high-speed internet in specific Colombian cities. While its innovative technology provides a cost advantage, intense competition from the consolidated Claro and Movistar-Tigo duopoly limits aggressive expansion and pricing power, leading to a modest valuation increase to $108M at exit.

Bear (45%)-85%

Dominant incumbents like Claro and the newly consolidated Movistar-Tigo aggressively counter Somos's offerings with competitive pricing and expanded fiber infrastructure, leveraging their vast resources. Somos struggles with reported stability issues and fails to scale efficiently, leading to slower growth, increased burn, and a down round or acquisition at a valuation of $13.5M, wiping out common stock value due to the $40M liquidation preferences.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Investors hold $40M in liquidation preferences. In an exit at or below $40M, common shareholders would receive nothing. If the exit is at the estimated current valuation of $90M, common shareholders would receive $50M.

Dilution Risk

high

As a Series A company in a capital-intensive sector, Somos will likely require at least one to two more significant funding rounds (Series B, C) before an IPO or acquisition, leading to further dilution for existing equity holders.

Secondary Liquidity

none

Given its Series A stage, there is currently no active secondary market or tender offers for Somos's equity.

Questions to Ask at the Interview

Strategic questions based on Somos's data — designed to show you've done your homework.

  • 1

    “Given the increasing market concentration with the potential Tigo-Movistar merger, how does Somos plan to maintain its competitive edge and market share against such dominant players, particularly in terms of pricing and network expansion?”

  • 2

    “With the goal of reaching 65,000 users by the end of 2025 and achieving company-wide positive EBITDA, what are the key operational and financial metrics the company is prioritizing, and how will they be achieved given the moderate capital intensity and the need for further infrastructure development?”

  • 3

    “Considering the $40M in total funding and the Series A stage, what is the company's long-term strategy for future funding rounds and eventual liquidity for employees, especially in light of the current preference stack and the capital-intensive nature of the business?”

Community

Valuation Sentiment

Our model estimates -67% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.