When was Octamile founded?

Octamile was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Octamile located?

Octamile is headquartered in Lagos, Nigeria.

Who is the current CEO of Octamile?

Gbenro Dara of Octamile. They have also founded 1 company.

How many employees does Octamile have?

As of Aug 31, 2026, the latest employee count at Octamile is 5.

Is Octamile a funded company?

Octamile is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Dec 01, 2021.

When was the latest funding round of Octamile?

Octamile's latest funding was a $***** Seed round on Dec 01, 2021, with participation from 7 investors.

Where does Octamile rank among its competitors?

Octamile ranks 40th amongst 109 active competitors, of which 37 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Cover Genius, which secured $111M in Jun, 2026.

Who are the top competitors of Octamile?

Octamile's top competitors include Akur8 Technologies, Bolttech and Zopper. Among them, Cover Genius secured the most recent funding round in June, 2026.

Octamile - 2026 Company Profile, Team, Funding & Competitors

Company Details

AI-based insurance claim management solutions for insurance & other businesses. It offers solutions for risk assessment, remote inspections, rule-based decision-making, payments, and more. It also offers auto insurance underwriting decisions on real-time data.

Website: octamile.com
Social
Email ID: *****@octamile.com
Phone Number: +234 **********

Key Metrics

Founded Year

2021

Location

Lagos, Nigeria

Stage

Seed

Total Funding

$500K in 1 round

Latest Funding Round

Seed, Dec 01, 2021, $*****

Investors

EchoVC Partners & 9 more

Ranked

40^th among 109 active competitors

Employee Count

5 as on Aug 31, 2026

Similar Companies

Akur8 Technologies & 38 more

View Octamile's full profile

Octamile has raised a total funding of $500K over 1 round. Its latest funding round was a Seed round on Dec 01, 2021 for $*****. 7 investors participated in its latest round. Octamile has 8 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Octamile:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 01, 2021	6310339	Seed	9466706	2633834	6424795	7749623

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View details of Octamile's funding rounds and investors

The founders of Octamile is Gbenro Dara. Gbenro Dara is the CEO of Octamile.

Here are the details of Octamile's key team members:

Gbenro Dara: Founder & CEO of Octamile.

View details of Octamile's Founder profiles and Board Members

Octamile's employee count trend

Octamile has 5 employees as of Aug 26. Here is Octamile's employee count trend over the years:

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Top competitors of Octamile include Akur8 Technologies, Bolttech and Zopper. Here is the list of Top 10 competitors of Octamile, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Akur8 Technologies 2018, Paris (France), Series C	Provider of pricing and reserving platform for the insurance industry	$180M	FinTLV, Kamet & 8 others	73/100
2nd	Bolttech 2020, Singapore (Singapore), Series C	Provider of digital infrastructure for embedding insurance into customer journeys	$640M	Activant Capital, Dragon Funds & 22 others	69/100
3rd	Zopper 2011, Noida (India), Acquired	Provider of API-enabled insurance distribution and management solutions	$125M	Tiger Global Management, Elevation Capital ... & 26 others	67/100
4th	Bharatsure 2021, Mumbai (India), Seed	Provider of technology and infrastructure for employee benefits and embedded insurance	$3.25M	Inflection Point Ventures, We Founder Circle ... & 150 others	67/100
5th	Cover Genius 2014, New York City (United States), Series F	Provider of a software suite for the insurance industry	$355M	King River, Dawn Capital & 13 others	65/100
6th	Qover 2016, Brussels (Belgium), Series C	Software suite for the insurance industry	$100M	Alven, Anthemis Group & 12 others	63/100
7th	Sure 2013, San Diego (United States), Series C	Insurance as a service platform for insurance carriers and other businesses	$123M	Kinnevik, IA Capital Group & 25 others	62/100
8th	Tint 2018, San Francisco (United States), Series A	Providing embedded insurance solution to businesses	$30M	QED Investors, Y Combinator & 8 others	61/100
9th	Open 2016, Sydney (Australia), Series B	AI-based software suite for the insurance industry	$53M	AirTree, Movac & 4 others	60/100
10th	Boost 2017, New York City (United States), Series B	Provider of infrastructure for digital insurance programs, MGAs, and embedded insurance	$37M	RRE Ventures, Norwest & 14 others	60/100
40th	Octamile 2021, Lagos (Nigeria), Seed	AI-based insurance claim management solutions for insurance & other businesses	$500K	Plug and Play Tech Center, Norrsken Evolve ... & 8 others	33/100