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Socotra

Socotra

Private
Austin, TexasEnterprise Softwarehttps://www.socotra.com/

Last Round

Series C

Mar 14, 2022

Total Funding Raised

$82.9M

Company Overview

Socotra is a software company that provides a cloud-native, API-driven core platform for the global insurance industry.

Sector

Enterprise Software

Verticals

InsurTech, Vertical SaaS, API Management, Platform-as-a-Service

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting, Marketplace Commission, Usage-Based SaaS

AI Layer

Non-AI

Keywords

insurance core platforminsurtech platformpolicy administrationinsurance coretechheadless insuranceinsurance billingclaims managementpolicy lifecycle managementcloud-native platforminsurance APIMGA platformlegacy system replacementinsurance app marketplaceagent portal

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Socotra Comparables

Compare Socotra with similar companies based on industry and business-model similarity.

Socotra comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Instanda
88%
CoverGo
87%
BriteCore
86%

Socotra Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series CMar 14, 2022
Series BJan 23, 2020
Series A ExtensionFeb 13, 2019
Series ASep 24, 2018
SeedFeb 23, 2018
Seed
Sep 1, 2014

Key People

Founding team and executive leadership

Dan Woods

Founder CEO

Founding Team

Kevin E. Murray

Advisor To Chief Executive Officer

Executive Team

Sam Madden

Chief Financial Officer

Executive Team

Ekine Akuiyibo

Chief Operating Officer

Executive Team

Socotra Investors

Notable investors and investment history

Socotra investors
InvestorRounds
MS&AD VenturesSeries A Extension, Series B, Series C, Series A
Greenoaks Capital PartnersSeed, Series A
SV AngelSeed, Series A
Great Oaks Venture CapitalSeed
SciFi VenturesSeed, Series A
Portage VenturesSeries C
Founders FundSeed, Series A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 11, 2026

    Launched an embedded AI assistant for underwriting.

  • Jan 14, 2026

    Launched MCP server for agentic AI workflows.

Socotra Filings

SEC and related filings with document metadata.

Data table
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Socotra Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Socotra's valuation, stock price, and market status.

Firmographic Details

HeadquartersAustin, Texas
Employee Range198
Year Founded2014
Last FundingMar 14, 2022

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