About Socotra
Socotra is a company based in San Francisco (United States) founded in 2014 by Dan Woods. Socotra has raised $85.09 million across 6 funding rounds from investors including Nationwide, MS & AD and Portage. The company has 37 employees as of December 31, 2022. Socotra has completed 1 acquisition, including Avolanta. Socotra offers products and services including Socotra Policy, Socotra Billing, and UI and Portals. Socotra operates in a competitive market with competitors including Riskcovry, FintechOS, ReSource Pro, Xceedance and Keylane, among others.
- Headquarter San Francisco, United States
- Employees 37 as on 31 Dec, 2022
- Founders Dan Woods
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Sectors
Financial Services
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Email
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Phone
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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
$85.09 M (USD)
in 6 rounds
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Latest Funding Round
$50 M (USD), Series C
Mar 14, 2022
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Investors
Nationwide
& 12 more
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Employee Count
37
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Socotra
Socotra offers a comprehensive portfolio of products and services, including Socotra Policy, Socotra Billing, and UI and Portals.
Manages insurance policies and products with flexible configurations.
Handles billing operations and integrations for financial accuracy.
Delivers digital experiences for customers and agents in insurance.
People of Socotra
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Funding Insights of Socotra
Socotra has successfully raised a total of $85.09M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in March 2022. 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 Socotra
Socotra has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Nationwide, MS & AD and Portage.
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Investment firm scaling software and technology companies from early to late stages.
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Venture capital firm investing in technology, life sciences, and related sectors.
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Investor details for Socotra
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Investments & Acquisitions by Socotra
Socotra has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Avolanta.
Investment portfolio details for Socotra
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based platform for customer journey insights and engagement is offered.
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Complete acquisition details for Socotra
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Financial Statements - Socotra
Detailed financials for Socotra
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Socotra Comparisons
Peer comparison for Socotra
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Competitors of Socotra
Socotra 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 Riskcovry, FintechOS, ReSource Pro, Xceedance and Keylane, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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A platform for digital insurance distribution and management is provided.
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AI-based software suite is provided for banking and insurance sectors.
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Insurance policy and claim management solutions for the insurance industry
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Provides operations, technology, and data services to insurers worldwide.
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Cloud-based life and non-life insurance platform for the insurance and pension industry
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Detailed competitors of Socotra
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Latest news on Socotra
Complete news archive for Socotra
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Frequently Asked Questions about Socotra
Socotra was founded in 2014.
Socotra is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Dan Woods is the current CEO of Socotra. They have also founded this company.
Socotra is a funded company, having raised a total of $85.09M across 6 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Socotra is 37.
Socotra was founded in 2014 in San Francisco, United States, and operates within the insurance sector. Cloud-based platforms are provided for policy administration, rating, claims management, billing, data handling, reporting, and additional functions. Solutions for product development and distribution are also included, supporting various insurance operations across the industry.
Socotra's top competitors include FintechOS, Tinubu and ReSource Pro.
Socotra offers Socotra Policy, Socotra Billing, and UI and Portals.
Socotra has made 1 acquisition, including Avolanta.
Socotra has 13 investors. Key investors include Nationwide, MS & AD, Portage, Insight Partners, and 8VC.