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Socotra

Analyst Briefing Submitted
socotra.com

Founded Year

2014

Stage

Series C | Alive

Total Raised

$84.2M

Last Raised

$50M | 2 yrs ago

Mosaic Score

+30 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Socotra

Socotra is a cloud-based, productized insurance core platform that enables carriers to easily and efficiently manage complex interactions throughout the lifecycle of policies, whether single line, single state or multi-line, multi-country. The platform supports underwriting, policy administration, claims, billing, reporting, and more.

Headquarters Location

33 New Montgomery Street Suite 290

San Francisco, California, 94105,

United States

650-353-5713

ESPs containing Socotra

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / P&C Insurance Tech

These solutions act as the main systems of record for claims personnel to view, assess, and make decisions regarding claims cases. While these systems help automate the claims process, they can also augment claims adjuster decision-making by providing necessary information and even suggestions for next best actions. While many vendors in this area offer established claims management systems — whic…

Socotra named as Highflier among 13 other companies, including Majesco, Unqork, and Insurity.

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Socotra's Products & Differentiators

    Underwriting & Rating

    Create rules and rates that are specific to your business needs and update them as circumstances change. Underwriting can be versioned and permissioned so that policy decisions can be made by the right parties.

Expert Collections containing Socotra

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Socotra is included in 4 Expert Collections, including Insurtech.

I

Insurtech

3,653 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

7,565 items

US-based companies

F

Fintech 250

750 items

250 of the top fintech companies transforming financial services

I

Insurtech 50

50 items

Latest Socotra News

Socotra Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Socotra Rank

Socotra Frequently Asked Questions (FAQ)

  • When was Socotra founded?

    Socotra was founded in 2014.

  • Where is Socotra's headquarters?

    Socotra's headquarters is located at 33 New Montgomery Street, San Francisco.

  • What is Socotra's latest funding round?

    Socotra's latest funding round is Series C.

  • How much did Socotra raise?

    Socotra raised a total of $84.2M.

  • Who are the investors of Socotra?

    Investors of Socotra include 8VC, MS&AD Ventures, Portage Ventures, Brewer Lane Ventures, Nationwide Ventures and 4 more.

  • Who are Socotra's competitors?

    Competitors of Socotra include Instanda, CoverGo, PolicyFly, OneShield, DXC Technology, Insurity, Joshu, EIS Group, Particeep, Bestow and 28 more.

  • What products does Socotra offer?

    Socotra's products include Underwriting & Rating and 4 more.

  • Who are Socotra's customers?

    Customers of Socotra include Bamboo Insurance, Sigo, Mutual of Omaha and IAG.

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