Tagged: socotra

Insurtech: Elpha Secure Introduces Cyber Insurance Offering via Socotra’s Cloud Platform

Elpha Secure, a cybersecurity startup that offers cyber insurance combined with security software to small businesses, has chosen Socotra “to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.” In order to bring its new product to market,… Read More

Socotra Celebrates $50M Series C, Funds to Drive Growth of Insurtech Platform

Insurance technology platform Socotra today announced the closing of a $50 million Series C funding round led by Insight Partners. Existing investors 8VC, Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures also participated in this round, bringing total funds raised to date to $96 million…. Read More

Hippo Teams Up with Socotra to Support Hippo’s Homeowners Association Insurance Product

Hippo (NYSE: HIPO), the home insurance group that formed a new standard of care and protection for homeowners, recently announced an expansion of the firm’s Commercial Lines homeowners association (HOA) insurance into new markets “following initial positive traction and engagement since its launch in August… Read More

U.S. Insurtech Bamboo Insurance Partners With Socotra to Power Existing Insurance Offerings & New Product Lines

Bamboo Insurance, a U.S.-based insurtech platform, announced on Monday it has partnered with global insurers’ core system Socotra to power its existing insurance offerings and new product lines. Founded in 2018, Bamboo describes itself as a newly formed insurance organization that offers flexible and transparent insurance… Read More

European Insurtech TONI Digital Launches Insurance-As-A-Service Platform on Socotra’s Cloud-Native Core

  European insurtech provider TONI Digital recently announced it has teamed up with cloud-native insurance core platform Socotra to launch its new insurance-as-a-service technology platform for the white-label insurance market. According to TONI Digital, the solution enables large corporations to quickly enter the insurance market,… Read More

Insurtech Socotra Raises $5.2 Million. Total Raised Hits $18 Million

An extended Series A funding round has seen Insurtech Socotra raise an additional $5.2 Million. Last September, Socotra closed on a $5.5 million funding round. Total funding now stands at $18 million. This newest funding was led by 8VC with Insurers Nationwide and MS&AD Ventures… Read More

Insurtech Socotra Raises $5.5 Million Series A

DAN WOODS

Socotra has raised $5.5 million in a Series A funding round bringing total raised for to date to $12.8 million for the Insurtech startup. 8VC led the funding round with 8VC founding partner, Joe Lonsdale joining the Socotra board. Previous investors in Socotro include Founders… Read More

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