Socotra raises $50M in Series C Funding Round

Anthony R. O’Donnell // March 31, 2022

(Detwah Lagoon on the island of Socotra, Yemen. Image credit: Andrew Svk/Unsplash.)

Socotra (San Francisco), provider of a cloud-native core platform for insurance, has announced the closing of a $50 million Series C funding round led by Insight Partners (New York). Existing investors in Socotra inculde 8VC, Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures also participated in the current round, bringing the firm’s total funds raised to date to $96 million.

Dan Woods, CEO, Socotra.

Founded in 2014, Socotra describes its offering

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