Socotra Overview

  • Founded
  • 2014

Founded
  • Status
  • Private

  • Employees
  • 161

Employees
  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $50M

  • Investors
  • 29

Socotra General Information

Description

Developer of a cloud-native core platform designed to provide automated recurring billing and integrated reporting for technology-driven insurers. The company's platform unifies underwriting, policy management, claims, reinsurance and provides insurers the ability to create and update rules and rates that reflect their evolving guidelines, thereby 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
Financial Software
Other Industries
Business/Productivity Software
Primary Office
  • 33 New Montgomery Street
  • Suite 290
  • San Francisco, CA 94105
  • United States
+1 (650) 000-0000

Socotra Timeline

2019202020212022
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 01-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 core platform designed to provide automated recurring billing and integrated reporting for t
Financial Software
San Francisco, CA
161 As of 2022
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Utrecht, Netherlands
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000000000000000000000 00000000
Hartford, CT
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Socotra Competitors (40)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Keylane Private Equity-Backed Utrecht, Netherlands 000 00000000000
00000000 Private Equity-Backed Hartford, CT 0000 00.000 000000000 00.000
000000000 Private Equity-Backed Marlborough, MA 000 000.00 0000000 0000 000.00
0000000 Private Equity-Backed Philadelphia, PA 00 000.00 00000000000 000.00
000 00000 00000000 Private Equity-Backed San Francisco, CA 000 00000 0000000 0000 00000
You’re viewing 5 of 40 competitors. Get the full list »

Socotra Patents

Socotra Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
FR-2692833-A1 Coconut mesocarp as plant culture substrate - is cut into slices and fragmented to form particles comprising fibres with attached parenchymous tissue Pending 30-Jun-1992 000000000 0

Socotra Executive Team (3)

Name Title Board Seat Contact Info
Daniel Woods Co-Founder, President, Chief Executive Officer & Board Member
Mrinal Sharma Head of Strategy
Harsh Shah Product Lead
To view Socotra’s complete executive team members history, request access »

Socotra Board Members (5)

Name Representing Role Since
Benny Peretz Socotra Board Member 000 0000
Daniel Woods Socotra Co-Founder, President, Chief Executive Officer & Board Member 000 0000
John Kim Self Board Member 000 0000
Joseph Lonsdale Self Board Member 000 0000
Robert Scully Greenoaks Capital Partners Board Member 000 0000
To view Socotra’s complete board members history, request access »

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 (29)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Insight Partners Growth/Expansion Minority 000 0000 000000 0
MS&AD Ventures Corporate Venture Capital Minority 000 0000 000000 0
Matt Pauker Angel (individual) Minority 000 0000 000000 0
Brewer Lane Ventures Venture Capital Minority 000 0000 000000 0
Portage Ventures Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 29 investors. Get the full list »

Socotra Acquisitions (1)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000000 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
00000000 Business/Productivity Software Columbia, SC 0000
To view Socotra’s complete subsidiaries history, request access »