Shepherd shakes up construction insurtech, raising $13.5M in Series A.

February 13, 2024
1 min read

TLDR:

  • California-based insurtech Shepherd has raised $13.5m in a series A funding round led by Costanoa Ventures and featuring participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital.
  • The investment will go towards expanding Shepherd’s underwriting and software team, accelerating product development and scaling its software offerings.

California-based insurtech Shepherd has raised $13.5m in a series A funding round. The company, an insurance tech platform for commercial construction, intends to use the funding to expand its underwriting and software team, accelerate product development and scale its software offerings. As part of the expansion, Shepherd is also planning to roll out a new software service called Shepherd Compliance, which aims to automate vendor compliance reviews.

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