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Socotra
company
About
Socotra is a technology platform that builds a modern cloud-based platform for technology-driven insurers.
- San Francisco,California,United States
- 101 - 250
- https://www.socotra.com
Details
- Last Funding Type
- Series C
- Last Funding Money Raised
- $50M
- Industries
- Enterprise Software,Financial Services,Information Technology,Insurance,InsurTech,Software
- Founded date
- Jan 1, 2014
- Number Of Employee
- 101 - 250
- Operating Status
- Active
- Legal Name
- Socotra, Inc.
Socotra is a technology platform that builds a modern cloud-based platform for technology-driven insurers. Its platform is built from the ground-up using the latest technologies to be transparent, reliable, flexible, and secure. It aims to provide insurers with a modern, enterprise-grade core system that enables them to rapidly develop and distribute products that better serve their customers.Socotra was founded in 2014 and is headquartered in San Francisco, California.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
6
$93.90M
Socotra has raised a total of
$93.90M
in funding over 2 rounds. Their latest funding was raised on
Mar 14, 2022 from a Series C round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Mar 14, 2022 | Series C | $50M | 6 |
Insight Partners
|
— | Detail |
| Jan 15, 2021 | Series Unknown | $11M | 1 |
Portage Ventures
|
— | Detail |
| Jan 23, 2020 | Series B | $15.20M | 4 |
Brewer Lane Ventures
|
— | Detail |
| Feb 13, 2019 | Series A | $5.20M | 3 |
8VC
|
— | Detail |
| Sep 24, 2018 | Series A | $5.50M | 8 |
8VC
|
— | Detail |
Investments
Number of Investments
Number of Lead Investments
5
0
Socotra has made 5 investments. Their most recent investment was on
Oct 14, 2021, when Spice AI raised $1.05M.
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Oct 14, 2021
Spice AI
|
Pre-seed | $1.05M | Artificial Intelligence | — |
|
Dec 16, 2020
ZeroAvia
|
Series A | $21.40M | Aerospace | — |
|
Oct 30, 2020
NutriSense
|
Seed | $2.50M | Apps | — |
|
Dec 21, 2016
Ready Player Me
|
Seed | $750K | 3D Technology | — |
|
Oct 15, 2015
Platzi
|
Seed | — | EdTech | — |
Investors
Number of Lead Investors
Number of Investors
5
17
Socotra is funded by 17 investors.
Insight Partners
and 8VC
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Insight Partners
|
Yes | Series C |
|
8VC
|
— | Series C |
|
Brewer Lane Ventures
|
— | Series C |
MS&AD Ventures
|
— | Series C |
Nationwide Ventures
|
— | Series C |
|
Portage Ventures
|
— | Series C |
Nationwide Mutual Insurance
|
— | Series A |
Founders Fund
|
— | Series A |
Konstantin von Unger
|
— | Series A |
SciFi VC
|
— | Series A |
Employee Profiles
Number of Employee Profiles
6
Socotra has 6 current employee profiles, including
Board member John Y. Kim
Board member
Executive
Executive
Executive
Executive
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