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