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.

Latest from Blog

Your Daily InsurTech Briefing – 2024-02-21

Let’s see what’s in the news today. Sure launches innovative offering to liberate insurance industry from legacy vendors Sure, a leading insurance technology provider, has unveiled its latest innovation that liberates carriers,

Tech insurance careers: where AI meets opportunity.

TLDR: Sedgwick Insurance claims administration is offering early career professionals stability, innovation, and impact. Role-based automation leveraging AI tools is transforming the insurance industry. Sedgwick Insurance claims administration has become a desirable

Your Daily InsurTech Briefing – 2024-02-20

Let’s see what’s in the news today. Pekin Insurance implements Guidewire Cloud to power core business Pekin Insurance, an Illinois-based multi-state property and casualty (P&C) insurer, has announced that it has implemented

Customer experience is crucial for InsurTech success.

TLDR: InsurTechs need to focus on customer experience to attract and retain clients. Technology, automation, simplicity, and personalization are key elements in enhancing customer experience. In today’s business landscape, customer experience (CX)