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Octamile are enabling Insurance and non-insurance businesses to simplify access to insurance and protect Africans from financial loss.
Last updated
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.
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 | Source |
|---|---|---|---|---|---|
| 2021 | Pre Seed Round | $500K | - | - |
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.
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We do not have customer count information for Octamile yet.
Octamile employs approximately 10 people as of 2026.
Octamile generates an estimated $1.2M in annual revenue.
Octamile was founded by Gbenro Dara.
The CEO of Octamile is Gbenro Dara.
Octamile raised $500K across 1 round.
Octamile has 10 employees.
Octamile is headquartered in Lekki, Lagos, Nigeria.
Octamile operates across multiple industries. Browse revenue, funding, and growth data for Octamile in each sector below.
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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2024 Revenue
$1.2M(Est.)
Funding
$500K
Team
10
Founded
2021
| Year | Milestone | Source |
|---|---|---|
| 2024 | Octamile Hit $1.2m revenue in October 2024 | Estimated |
| 2023 | Octamile Hit $642.1k revenue in October 2023 | Estimated |
| 2021 | Octamile Hit $588k revenue in December 2021 | |
| 2021 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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