2024 Revenue
$1.2M
Funding
$500K
YOY
88.8%
Team
10
Founded
2021
How Octamile CEO Gbenro Dara grew to $1.2M revenue with a 10 person team in 2024.
Octamile are enabling Insurance and non-insurance businesses to simplify access to insurance and protect Africans from financial loss.
Last updated
Octamile Revenue
In 2024, Octamile's revenue reached $1.2M. The company previously reported $642.1K in 2023. Since its launch in 2021, Octamile has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Octamile Hit $1.2m revenue in October 2024 | |
| 2023 | Octamile Hit $642.1k revenue in October 2023 | |
| 2021 | Octamile Hit $588k revenue in December 2021 | |
| 2021 | Launched with $0 revenue |
Octamile Valuation, Funding Rounds
Octamile has not publicly disclosed its valuation. The company has raised $500K in total funding to date.
Octamile has raised $500K in total funding across 1 round, most recently a $500K Pre Seed Round round in 2021.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2021 | Pre Seed Round | $500K | - | - |
Founder / CEO
Gbenro Dara
CEO
Gbenro Dara is an innovator in the Online and Technology Industry, with interests in Marketplaces, Digital channels, Fintech and InsurTech & building high-performance teams. A builder and operator with a clear track record of launching and growing successful businesses worth excess of $100 Million across Africa.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Octamile yet.
Octamile Employees & Team Size
Octamile employs approximately 10 people as of 2026.
| Year | Milestone |
|---|---|
| 2024 | Reached 10 employees (October 2024) |
| 2023 | Reached 10 employees (October 2023) |
| 2022 | Reached 15 employees (October 2022) |
| 2021 | Reached 6 employees (December 2021) |
| 2021 | Reached 11 employees (December 2021) |
Frequently Asked Questions about Octamile
What is Octamile's revenue?
Octamile generates an estimated $1.2M in annual revenue.
Who founded Octamile?
Octamile was founded by Gbenro Dara.
Who is the CEO of Octamile?
The CEO of Octamile is Gbenro Dara.
How much funding does Octamile have?
Octamile raised $500K across 1 round.
How many employees does Octamile have?
Octamile has 10 employees.
Where is Octamile headquarters?
Octamile is headquartered in Lekki, Lagos, Nigeria.
Compare Octamile to the industry
Octamile operates across multiple industries. Browse revenue, funding, and growth data for Octamile in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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