Socotra is a cloud-based core platform for insurance carriers and insurtechs. It supports policy, claims, underwriting, and billing workflows for modern insurers.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Funding
Not disclosed
No priced round reported by two reputable outlets
Valuation
Not disclosed
No valuation reported by a reputable outlet
How to Invest in Socotra Through UpMarket
Socotra shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Socotra offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Socotra Revenue and Growth
Annual revenue
Why Investors Are Watching Socotra
Growth Signal
Socotra reported $25.6M ARR in 2024, up from $20.1M
Latka says Socotra reached $25.6M in revenue in 2024, versus $20.1M in 2023. The company also had 164 employees as of 2026 and 15 quota-carrying sales reps, indicating a scaled go-to-market motion.
Competitive Moat
Socotra’s core platform is backed by Insight Partners
Socotra raised a $50M Series C in March 2022 led by Insight Partners, with 8VC, Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures also participating. The company says the round lifted total funding to about $96M and positions Socotra as a trusted core platform for innovative insurers.
Market Opportunity
Socotra plans Europe expansion as insurer core demand grows
Dealroom says Socotra sells technology solutions to insurance providers and is planning to expand operations in Europe. That points to a larger addressable market beyond its existing US footprint, especially for cloud-native insurance core systems.
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No. As of March 2026, Socotra is a private company and does not trade on any public stock exchange. Accredited investors can access Socotra shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Socotra does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Socotra shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Socotra shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
Socotra is a cloud-based core platform for insurance carriers and insurtechs. No valuation has been reported by a reputable outlet.