Socotra logo
Founded 2014

Socotra

2021 Revenue

$8.2M

YOY

Funding

$0.0

How Socotra hit $8.2M in Revenue.

About Socotra

Developer of a cloud-based platform intended to provide automated recurring billing and integrated reporting for technology-driven insurers. The company's software unifies underwriting, policy management, claims, reinsurance and provides insurers the ability to create and update rules and rates that reflect their evolving guidelines, enabling clients to efficiently manage the complex interactions needed throughout the life cycle of their policies.

Monthly Revenue

$686.0K

Total Expenses

$686.0K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

United States
$Funding$Revenue

Socotra Revenue

In 2021, Socotra revenue run rate hit $8.2M in revenue.

$8.2M

Socotra Valuation and Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation

Customers

Socotra has 0 customers.

Lifetime Months

×
Monthly ARPU

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$0$0.0024681012

Churn

Socotra has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

Socotra has 98 employees. They have 3 sales reps that carry a quota They have an engineering team of 23. and a marketing team of 1.

2021
DistributionQty

Total Team Size

98

Engineers

23 (23%)

Sales

3 (3%)

Marketing

1 (1%)

CEO/Founder

Dan Woods

Dan Woods is the founder and CEO of Socotra, the first modern, cloud-based platform for technology-driven insurers. Before Socotra, Dan did IT investing and portfolio management for Formation 8 Partners (now 8VC), where he specialized in data platforms and smart enterprise software. Prior to that, Dan’s depth of enterprise experience was honed over his six years with Palantir. There, Dan was an early member of the core engineering team and later transitioned to run Palantir’s partnerships, plus several deployments. He holds a MS in Computer Science from Stanford.


CEO Q&A

What's your age?

-

Favorite online tool?

-

Favorite book?

-

Favorite CEO?

-

Advice for 20 year old self

-


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Frequently Asked Questions about Socotra

When was Socotra founded?

Socotra was founded in 2014.


Who is the CEO of Socotra?

The CEO of Socotra is Dan Woods


How many employees does Socotra have?

Socotra has 98 employees.

How much revenue does Socotra generate?

Socotra generates $8.2M in revenue.


How much funding does Socotra have?

Socotra has raised $0.0.


Where is Socotra headquarters?

Socotra is headquartered at United States

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