The insurance software developer has now raised more than $33m in total, $15.2m coming in a new round featuring MS&AD Ventures.
MS&AD Ventures, insurance group MS&AD’s corporate venturing unit, has contributed to a $15.2m series B round for Socotra, the US-based creator of a software development platform for the insurance industry.
Insurance and fintech-focused venture capital firm Brewer Lane Ventures led the round, which included VC firms 8VC and Portag3 Ventures, the latter of which operates as a branch of alternative investment platform Sagard Holdings.
Founded in 2014, Socotra has built a platform that helps insurance providers create products equipped with…
