Socotra
Latest round
- Series C
Last raised
- Mar 2022
Total raised
- $87M
Investors
- 16
About Socotra
Socotra, Inc.Founded in 2014 and headquartered in San Francisco, US, Socotra, Inc. is focused on transforming the insurance industry by offering a platform that supports the entire policy lifecycle.Socotra offers a comprehensive insurance platform designed specifically for insurance carriers, enabling them to efficiently manage a wide array of insurance products, policies, and users. The platform supports the full policy lifecycle, allowing insurers to build and maintain products with significant flexibility and minimal operational effort. Key components of Socotra’s offering include a robust billing system that integrates seamlessly with general ledger and policy administration systems, alongside an array of modular user interfaces and portals tailored for modern digital experiences. This product suite is particularly geared towards enhancing the operational agility of insurers across various geographical markets, including North America, Europe, and the Asia-Pacific region, facilitating rapid implementations and product updates.Socotra generates revenue primarily through subscription-based models and partnerships with insurance carriers. Clients engage with the platform through various transactional structures, including direct licensing agreements or collaborative ventures that enhance product offerings. Specific pricing plans associated with the platform are strategically designed to align with varying client needs, enabling insurers to leverage the technology with minimal upfront costs. The flagship offerings, including the core policy and billing systems, allow for scalable operations, ensuring that clients can efficiently manage both individual policies and large-scale insurance portfolios.In March 2022, Socotra, Inc. The company is set to enhance its platform with upcoming new features aimed at improving user experience in these markets.
Who invested in Socotra
16 investors across 5 rounds
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Questions about Socotra
Who invested in Socotra?
Socotra has 16 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Socotra raised?
Socotra has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Socotra last raise money?
Socotra's most recent round on record is a Series C, in Mar 2022.
What does Socotra do?
Socotra is a software company.
Where is Socotra headquartered?
Socotra is headquartered in San Francisco, US.
Which VCs invest in companies like Socotra?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Socotra's stage. Their profiles are linked below.
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