Socotra
Truly Great Software For The Insurance Industry
Socotra was founded in 2014, is headquartered in Austin, United States, lists 51–200 employees, and has $75.9M in recorded funding across 4 rounds.
- Headquarters
- Austin, Texas
- Employees
- 51–200
- Founded
- 2014
- Business Model
- B2B
- Website
- socotra.com
- Total Funding
- $75.9M
- Last Round
- $50.0M Series CMar 2022
- Rounds
- 4
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 4 funding rounds and 2 investors for this company. The full record is or through the API.
About
Socotra is a cloud-native insurance core platform that helps carriers modernize policy administration, billing, and underwriting and launch new products with lower total cost of ownership. Built like an operating system, it offers configuration-only deployments, open APIs, backward-compatible upgrades, and the full policy lifecycle across personal, commercial, specialty, and life and health lines. More than 50 insurers across 10 countries have selected Socotra, deploying more than 45 lines of business, with policy and account data available through APIs, event streams, a data lake, and connectors.
Summary
Socotra is a Fintech company based in Austin, United States, founded in 2014. It lists 51–200 employees. It has raised $75.9M in total across 4 rounds, most recently a $50.0M Series C round in Mar 2022. Investors include 8VC and Portage Ventures.
Tech & App Stack
5 technologies & apps tracked
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Funding History
Mar 2022
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Funding: Series A through Series C. Amounts, valuations, and investors where available.
Investors
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