Socotra Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Private

  • Employees
  • 154

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $50M

  • Investors
  • 31

Socotra General Information

Description

Developer of a cloud-native insurance core platform designed to bring proven speed, agility, and efficiency to carriers, insurers, and MGAs(Managing general agents) in the industry. The company's platform offers technology and standardized, public, open APIs to create and update rules and rates that reflect evolving guidelines, and provides a product-agnostic data model, and out-of-the-box capabilities to manage the entire policy lifecycle, making insurance innovation faster, easier, and more affordable, enabling insurance companies to accelerate product development, reduce maintenance costs, and improve customer experiences.

Contact Information

Website
www.socotra.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Business/Productivity Software
Other Industries
Financial Software
Corporate Office
  • 1401 Lavaca Street
  • Austin, TX 78701
  • United States
+1 (737) 000-0000

Socotra Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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Socotra Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Later Stage VC (Series C) 14-Mar-2022 $50M 000.00 00000 Completed Generating Revenue
4. Later Stage VC (Series B1) 01-Mar-2021 000.00 000.00 000.00 Completed Generating Revenue
3. Later Stage VC (Series B) 23-Jan-2020 000.00 000.00 000.00 Completed Generating Revenue
2. Early Stage VC (Series A) 24-Sep-2018 $16.6M $18.6M 000.00 Completed Generating Revenue
1. Seed Round 22-Sep-2014 $1.97M $1.97M Completed Startup
To view Socotra’s complete valuation and funding history, request access »

Socotra Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series C 00,000,000 00.000000 00.00 00.0 00.0 00 00.0 00.000
Series B-2 0,000,000 00.000000 00.00 00.00 00.00 00 00.00 0.000
Series B-1 000,000 00.000000 00.00 00.00 00.00 00 00.00 0.000
Series B 12,639,495 $0.001000 $0.13 $1.61 $1.61 1x $1.61 14.46%
Series A 21,574,413 $0.001000 $0.71 $0.71 1x $0.71 24.69%
To view Socotra’s complete cap table history, request access »

Socotra Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a cloud-native insurance core platform designed to bring proven speed, agility, and efficiency to carriers,
Business/Productivity Software
Austin, TX
154 As of 2023
000.00
00000 0000-00-00
00000000000 000.00

000000

dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident
00000000000000000000
Atlanta, GA
000 As of 0000
000000000000

000000

elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut eni
000000000 00000000
Philadelphia, PA
00 As of 0000
000.00
00000000000 000.00
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Socotra Competitors (33)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ventiv Technology Private Equity-Backed Atlanta, GA 000 000000000000
UniRisX Private Equity-Backed Philadelphia, PA 00 000.00 00000000000 000.00
EIS Group Software Private Equity-Backed San Francisco, CA 0000 00000 00000000000 00000
Riskonnect Private Equity-Backed Kennesaw, GA 000 00000 00 000000 00000
Athenium Analytics Venture Capital-Backed Dover, NH 00 000.00 000000000 000.00
You’re viewing 5 of 33 competitors. Get the full list »

Socotra Executive Team (9)

Name Title Board Seat Contact Info
Daniel Woods Co-Founder, Chief Executive Officer & Board Member
Sonny Patel Chief Product & Technology Officer
Ekine Akuiyibo Ph.D Chief Business Officer
Mrinal Sharma Head of Strategy
Sam Madden Vice President of Finance
You’re viewing 5 of 9 executive team members. Get the full list »

Socotra Board Members (6)

Name Representing Role Since
Adam Felesky Portage Board Member 000 0000
Daniel Woods Socotra Co-Founder, Chief Executive Officer & Board Member 000 0000
John Kim Brewer Lane Ventures Board Member 000 0000
Joseph Lonsdale Self Board Member 000 0000
You’re viewing 4 of 6 board members. Get the full list »

Socotra Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Socotra Investors (31)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Activant Capital Venture Capital Minority 000 0000 000000 0
Friends & Family Capital Venture Capital Minority 000 0000 000000 0
Insight Partners Growth/Expansion Minority 000 0000 000000 0
Matt Pauker Angel (individual) Minority 000 0000 000000 0
Brewer Lane Ventures Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 31 investors. Get the full list »

Socotra Acquisitions (1)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Avolanta 11-May-2022 0000000000 Business/Productivity Software 000000 00
To view Socotra’s complete acquisitions history, request access »

Socotra Subsidiaries (1)

Company Name Industry Location Founded
Avolanta Business/Productivity Software Columbia, SC 0000
To view Socotra’s complete subsidiaries history, request access »

Socotra FAQs

  • When was Socotra founded?

    Socotra was founded in 2014.

  • Who is the founder of Socotra?

    Daniel Woods is the founder of Socotra.

  • Who is the CEO of Socotra?

    Daniel Woods is the CEO of Socotra.

  • Where is Socotra headquartered?

    Socotra is headquartered in Austin, TX.

  • What is the size of Socotra?

    Socotra has 154 total employees.

  • What industry is Socotra in?

    Socotra’s primary industry is Business/Productivity Software.

  • Is Socotra a private or public company?

    Socotra is a Private company.

  • What is the current valuation of Socotra?

    The current valuation of Socotra is 00000.

  • What is Socotra’s current revenue?

    The current revenue for Socotra is 00000.

  • How much funding has Socotra raised over time?

    Socotra has raised $96.6M.

  • Who are Socotra’s investors?

    Activant Capital, Friends & Family Capital, Insight Partners, Matt Pauker, and Brewer Lane Ventures are 5 of 31 investors who have invested in Socotra.

  • Who are Socotra’s competitors?

    Ventiv Technology, UniRisX, EIS Group Software, Riskonnect, and Athenium Analytics are some of the 33 competitors of Socotra.

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