2024 Revenue
$1.2M
Funding
$500K
YOY
88.8%
Team
10
Founded
2021
How Octamile CEO Gbenro Dara grew Octamile 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 |
|---|---|
| 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 |
|---|---|---|---|---|
| 2021 | Pre Seed Round | $500K | - | - |
Octamile Employees & Team Size
Octamile employs approximately 10 people as of 2026.
Octamile has 10 total employees in different roles and functions.
| 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) |
Founder / CEO
Gbenro Dara
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.
Frequently Asked Questions about Octamile
What is Octamile's revenue?
Octamile generates $1.2M in 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.
How many employees does Octamile have?
Octamile has 10 employees.
Where is Octamile headquarters?
Octamile is headquartered in Lekki, Lagos, Nigeria.
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Compare Octamile to the industry
Octamile operates across multiple industries. Browse revenue, funding, and growth data for Octamile in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .