About Octamile
Octamile is a company based in Lagos (Nigeria) founded in 2021 by Gbenro Dara. Octamile has raised $500 thousand across 1 funding round from investors including EchoVC Partners, Fiat Ventures and TRADE X. Octamile operates in a competitive market with competitors including Element, Boost, Eleos Life, SureBright and Fletch, among others.
- Headquarter Lagos, Nigeria
- Founders Gbenro Dara
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Dec 01, 2021
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Investors
EchoVC Partners
& 6 more
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Employee Count
Not available
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People of Octamile
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Sales and Marketing
3 people
Principal Team
1 people
Software Development Team
1 people
Leadership Team
1 people
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Funding Insights of Octamile
Octamile has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Octamile
Octamile has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include EchoVC Partners, Fiat Ventures and TRADE X.
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Tech focused Stage-Agnostic VC Firm investing in Sub-Saharan Africa and North America
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Investor details for Octamile
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Investments & Acquisitions by Octamile
Investment portfolio details for Octamile
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Financial Statements - Octamile
Detailed financials for Octamile
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Octamile Comparisons
Peer comparison for Octamile
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Competitors of Octamile
Octamile operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Element, Boost, Eleos Life, SureBright and Fletch, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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A decentralized messaging app is provided for enterprise teams.
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P&C, insurtech, and embedded insurance services are provided by Boost.
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White-labelled insurance company that offers income protection insurance which can be bought online
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Insurance-as-a-service platform is offered for website embedding by businesses.
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Fletch is engaged in embedded financial services distribution.
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Detailed competitors of Octamile
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Latest news on Octamile
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Frequently Asked Questions about Octamile
Octamile was founded in 2021.
Octamile is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Gbenro Dara is the current CEO of Octamile. They have also founded this company.
Octamile is a funded company, having raised a total of $500K across 1 funding round to date.
AI-based insurance claim management solutions for insurance other businesses. It offers solutions for risk assessment, remote inspections, rule-based decision-making, payments, and more. It also offers auto insurance underwriting decisions on real-time data.
Octamile's top competitors include Boost, Element and Eleos Life.
Octamile has 7 investors. Key investors include EchoVC Partners, Fiat Ventures, TRADE X, Verraki, and Dale Mathias.