InsurTech Socotra Closes $5.2 Million Led by Venture Firm 8VC with Insurers Nationwide and Mitsui Sumitomo SAN FRANCISCO, February 12, 2019-- Socotra, creator of the first cloud-native, productized insurance core platform, announced today that it has raised an additional $5.2 million in funding on the heels of its $5.5 million Series A, bringing its total funding to $18 million. Investors included 8VC, which also led the Series A, the venture investment arm of insurance and financial services provider Nationwide, and MS&AD Ventures, the venture arm of Japan-based insurer Mitsui Sumitomo Insurance.