Socotrarevenue & funding
Insurance Suites SoftwareSan Francisco, CaliforniaFounded 2014CEO Dan Woods
Socotra is owned by a company called "Socotra Technology, Inc.," which is based in San Francisco, California, USA. Socotra Technology, Inc. is a software company that provides a cloud-based platform for insurance companies.
Socotra revenue
Socotra has not published its revenue. GetLatka estimates it at about $25.6M a year (October 2024).
All 4 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Apr 2021 | $8.2M | – |
| Mar 2022 | $20.2M | – |
| Nov 2023 | $20.1MEST | GetLatka estimate |
| Oct 2024 | $25.6MEST | GetLatka estimate |
– source not recorded
Socotra funding rounds & investors
Socotra has raised $93.9M across six rounds since 2014. The latest was a $50M Series C in March 2022.
| Date | Round | Raised |
|---|---|---|
| Mar 2022 | Series C | $50M |
| Jan 2021 | Venture | $11M |
| Jan 2020 | Series B | $15.2M |
| Feb 2019 | Series A | $5.2M |
| Sep 2018 | Series A | $5.5M |
| Sep 2014 | Seed | $7M |
| Total raised | $93.9M |
Socotra competitors
Socotra competes most directly with eBaoTech and Majesco.
eBaoTech
MajescoSocotra CEO & employees
Dan Woods is CEO of Socotra. Socotra had 164 employees (December 2024, LinkedIn).
- Dan WoodsCEO
BoardJoseph Lonsdale, Adam Felesky, John Kim
All 13 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 164 | |
| Oct 2024 | 169 | |
| Nov 2023 | 169 | – |
| Sep 2023 | 169 | – |
| Jul 2023 | 197 | – |
| 2023 | 181 | – |
| Nov 2022 | 168 | – |
| Mar 2022 | 168 | – |
| 2022 | 181 | – |
| Nov 2021 | 125 | – |
| Aug 2021 | 125 | – |
| Apr 2021 | 98 | – |
| Nov 2020 | 107 | – |
Socotra FAQ
What is Socotra's revenue?
GetLatka estimates Socotra's revenue at about $25.6M a year (October 2024). The company hasn't published its own figure.
How much funding has Socotra raised?
Socotra has raised $93.9M across six funding rounds. The latest was a $50M Series C in March 2022.
How many employees does Socotra have?
Socotra had 164 employees in December 2024, according to LinkedIn.
Who is the CEO of Socotra?
Dan Woods is the CEO of Socotra.
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How this page is sourced
2 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Socotra? Join the podcast