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Socotra logo — Agile core for agile insurers.

Socotra

Agile core for agile insurers.

Founded 2014 United States San Francisco, United States 169 employees Series C Total: $93.90M Enterprise Software, Financial Services +3

General Information

Company Name Socotra
Founded Year 2014
Location United States San Francisco, United States
Employees 169
Industries Enterprise Software, Financial Services, Information Technology +2
Funding Stage Series C
Social

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About Socotra

Socotra, founded in 2014, offers an agile core for agile insurers. The company addresses long-standing insurance challenges in innovative ways, providing businesses with fast and easy implementations, effortless upgrades, and exceptional speed. It stands out for its unparalleled flexibility, enabling seamless integration with internal and external tools and data sources. The platform, favored by developers and end users, is uniquely agile and scalable, empowering companies across all sizes. Headquartered in the United States, Socotra has garnered significant attention, attracting a substantial $50.00M Series C investment on 14 March 2022. The round was backed by prominent investors including MS&AD Ventures, Insight Partners, 8VC, Nationwide Ventures, Brewer Lane Ventures, and Portage Ventures. With its strong industry presence in enterprise software, financial services, information technology, and insurtech, Socotra continues to earn the trust of insurers embracing the power of the cloud. For more information, visit socotra.com.

Business keywords: Insurance technology, Cloud-based platform, Insurtech, Enterprise-grade core system, Technology-driven insurers, Product development, Customer-centric solutions, Agile implementation, Scalable solutions, Data integration, Developer-friendly environment, Secure infrastructure, Flexibility, Rapid product distribution, San Francisco-based startup

Services & Products

Policy Management
Billing Solutions
Digital Experiences
Developer-Friendly APIs
Insurance Product Configuration
Professional Services

Target Customers

Insurance companies and firms in need of comprehensive and flexible insurance platform solutions

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Series C $50.00M 6
MS&AD Ventures Insight Partners 8VC
MS&AD Ventures, Insight Partners +4
14 Mar 2022
Venture Round $11.00M 1
Portage Ventures
Portage Ventures
15 Jan 2021
Series B $15.20M 4
MS&AD Ventures 8VC Brewer Lane Ventures
MS&AD Ventures, 8VC +2
23 Jan 2020
Series A $5.20M 3
MS&AD Ventures 8VC
MS&AD Ventures, 8VC +1
13 Feb 2019
Series A $5.50M 9
MS&AD Ventures Founders Fund 8VC
MS&AD Ventures, Founders Fund +7
24 Sep 2018
Seed Round Undisclosed 1
Leblon Capital
Leblon Capital
01 Mar 2015
Seed Round $7.00M 9
Ulu Ventures Founders Fund Caffeinated Capital
Ulu Ventures, Founders Fund +7
22 Sep 2014

Socotra Alternatives & Competitors

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FAQ About Socotra

Agile core for agile insurers.
Socotra was founded in 2014.
Socotra is headquartered in San Francisco, United States.
Socotra operates in Enterprise Software, Financial Services, Information Technology, Insurance and Insurtech. Its work centres on Insurance technology, Cloud-based platform, Insurtech and Enterprise-grade core system. Its customers include Insurance companies and firms in need of comprehensive and flexible insurance platform solutions.
Socotra has approximately 169 employees.
Socotra has completed 7 funding rounds, raising a total of $93.90M. The latest funding stage is Series C.
Socotra offers: Policy Management, Billing Solutions, Digital Experiences, Developer-Friendly APIs, Insurance Product Configuration, Professional Services.
Top alternatives and competitors to Socotra include 180 Seguros, Afficiency, Atidot, LoadSpring Solutions, PremFina. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Socotra and 180 Seguros are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Socotra, https://bouncewatch.com/company/socotra, updated 12 June 2025. When citing, please name BounceWatch and link this page.

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