Socotra

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

Highlights

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