Socotra - About the company
Socotra is a series C company based in San Francisco (United States), founded in 2014 by Dan Woods. It operates as a Cloud-based policy management and underwriting solutions for the insurance industry. Socotra has raised $98M in funding from investors like Insight Partners, Nationwide and 8VC. The company has 258 active competitors, including 43 funded and 54 that have exited. Its top competitors include companies like Guidewire, Duck Creek and FintechOS.
Company Details
Cloud-based policy management and underwriting solutions for the insurance industry. It offers solutions for insurance policy administration, insurance rating, claims management, billing, data management and reporting, and more. It also offers solutions for product development and distribution.
- Website
- socotra.com
- Social
- Email ID
- *****@socotra.com
- Phone Number
- +1 **********
- Registered Address
- San Francisco,California
Key Metrics
Founded Year
2014
Location
San Francisco, United States
Stage
Series C
Total Funding
$98M in 7 rounds
Latest Funding Round
Investors
Ranked
14th among 258 active competitors
Employee Count
205 as on Sep 30, 2026
Investment & Acquisitions
Legal entities associated with Socotra
Socotra is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SOCOTRA, INC. CIN: 32075391279 , United States, Active | Aug 10, 2020 | - | - | - |
SOCOTRA, INCORPORATED CIN: 465367837 , United States, Active | May 31, 2013 | - | 58 (As on Dec 31, 2024) | - |
Sign up to download Socotra's company profile
Socotra's funding and investors
Socotra has raised a total funding of $98M over 7 rounds. Its first funding round was on Oct 24, 2014. Its latest funding round was a Series C round on Mar 14, 2022 for $*****. 6 investors participated in its latest round. Socotra has 20 institutional investors.
Here is the list of recent funding rounds of Socotra:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 14, 2022 | 2014267 | Series C | 9937805 | 5195344 | 8874943 | 7226507 |
Mar 01, 2021 | 6821530 | Series B | 8904767 | 1682635 | 6701581 | 6384262 |
Jan 23, 2020 | 8749333 | Series B | 6790064 | 4155361 |
Access funding benchmarks and valuations. Sign up today!View details of Socotra's funding rounds and investors
Socotra's founders and board of directors
Founder? Claim ProfileHere are the details of Socotra's key team members:
- Dan Woods: Founder & CEO of Socotra. They serve on the board of 1 company.Contact Info: 1 email address
Socotra's Board of Directors
Socotra's board has 7 active members. John Kim, Adam Felesky, Dan Woods, Daniel Woods, Joseph Lonsdale, Robert Scully and Benny Peretz are independent board members.Here is the list of Socotra's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 5y 4m | |
rzezjjk | Independent board member | - | Current | 3y 8m |
xjbtrmf | Independent board member | - | Current | 7y 8m |
ysyfohq | Independent board member | - | Current | 5y 9m |
jfifhgt | Independent board member | - | Current | 6y 3m |
gkgrwrt | Independent board member | - | Current | 2y 1m |
creodos | Independent board member | - | Current | 4y 9m |
View details of Socotra's Founder profiles and Board Members
Socotra's employee count trend
Socotra has 205 employees as of Sep 26. Here is Socotra's employee count trend over the years:
Uncover Socotra's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Socotra's Competitors and alternates
Top competitors of Socotra include Guidewire, Duck Creek and FintechOS. Here is the list of Top 10 competitors of Socotra, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Guidewire 2001, San Mateo (United States), Public | Cloud-based platform for property and casualty insurance | - | 77/100 | |
2nd | Duck Creek 2000, Boston (United States), Acquired | Provider of cloud-based solutions for property and casualty and general insurance | $350M | 71/100 | |
3rd |  FintechOS 2017, London (United Kingdom), Series B | Provider of AI-based software suite for the banking and insurance industry | $146M | 68/100 | |
4th | Insurity 1985, Hartford (United States), Acquired | AI and cloud-based policy management and claims administration solutions | $57M | 67/100 | |
5th | iPipeline 1995, Exton (United States), Acquired | Cloud-based software suite for life insurance and financial services industry | $104M | 67/100 | |
6th | Bold Penguin 2016, Columbus (United States), Acquired | Software suite for the commercial insurance industry | $50.1M | 66/100 | |
7th | OneShield 1999, Marlborough (United States), Series E | Cloud-based insurance policy and claims management solutions for the p&c insurance industry | $52.5M | 65/100 | |
8th |  Newfront 2017, San Francisco (United States), Acquired | Provider of insurance brokerage and total rewards services | $300M | 64/100 | |
9th | FurtherAI 2023, San Francisco (United States), Series A | AI-powered automation platform for insurance industry tasks | $35.6M | 64/100 | |
10th | Insurance policy administration and compliance solutions for the insurance industry | - | 64/100 | ||
14th |  Socotra 2014, San Francisco (United States), Series C | Cloud-based policy management and underwriting solutions for the insurance industry | $98M | 63/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Socotra's competitors? Click here to see the top ones
Socotra's Investments and acquisitions
Socotra has acquired Avolanta. Socotra has not made any investments as of now.Reports related to Socotra
Here is the latest report on Socotra's sector:
News related to Socotra
Filter this listMedia has covered Socotra for a total of 4 events in the last 1 year, 4 of them have been about company updates.
•
Socotra Launches Configuration Assistant to Help Insurers Build and Test Products with AIBusiness Wire•Sep 23, 2026•Socotra
•
Socotra Releases Socotra Skills, Enabling AI Agents to Configure Insurance Products and WorkflowsGlobal Fintech Series•Aug 26, 2026•Socotra
•
•
Socotra Launches AI Tool to Fast Track Insurance Product DevelopmentRetailbankerinternational•Oct 08, 2025•Socotra
•
•
Socotra Welcomes Greg Murphy as Head of Global PartnershipsBusiness Wire•Oct 08, 2024•Socotra, Graam
•
Innovative Renters Insurance Carrier Jetty Goes Live with Core Systems from Socotra in Less Than 12 MonthsBusiness Wire•Aug 20, 2024•Socotra, Jetty
•
Oka, The Carbon Insurance Company™ and Socotra Announce Strategic PartnershipMiningstockeducation•Jul 12, 2024•Carbon Insurance, Socotra
•
Oka, The Carbon Insurance Company™ and Socotra Announce Strategic PartnershipFintech Finance•Jul 12, 2024•Carbon Insurance, Socotra
•
Socotra Forges New Partnerships, Wins Industry Awards, Enjoys Strong Momentum in 2023Business Wire•Oct 30, 2023•Socotra
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Socotra
Explore our recently published companies
- Tolia - Thane based, 1979 founded, Unfunded company
- Uvtcpl - India based, Unfunded company
- Diamondexch99 - Unfunded company
- Krishna's Herbal & Ayurveda - Jodhpur based, 2007 founded, Funding Raised company
- Dash - Atlanta based, 2025 founded, Unfunded company
- Bregma Science LLP - Bengaluru based, Unfunded company
