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 has 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
How much money does Socotra make?
Socotra has not published its revenue. GetLatka estimates about $25.6M a year (October 2024).
How much funding has Socotra raised?
$93.9M across 6 rounds; the latest was a $50M Series C in March 2022.
Who is the CEO of Socotra?
Dan Woods.
How many employees does Socotra have?
About 164 as of December 2024 (LinkedIn).
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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 Dec 19, 2024Data disclaimerReport a correctionClaim this profileRun Socotra? Join the podcast