Socotra Overview
- Founded
- 2014
- Status
- Private
- Employees
- 161
- 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
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 |
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% |
Socotra Comparisons
Description
Primary
Industry
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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Hartford, CT
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Add Comparison
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Request a free trialSocotra 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 | 00000 | 0000000 0000 | 00000 |
| 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 |
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 | 00 |
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 |
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 |
Socotra Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %ile
-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
PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.
Request a free trialSocotra Investors (29)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| Insight Partners | Growth/Expansion | 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 | |
| Two Sigma Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |