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withshepherd.com

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Stage

Seed VC - II | Alive

Total Raised

$6.2M

Last Raised

$6.2M | 18 days ago

Mosaic Score

+300 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Shepherd

Shepherd is a YC and venture backed InsurTech startup for the commercial construction marketplace. The company is creating a digital, web-based experience for buying insurance. It is based in San Francisco, California.

Shepherd Headquarter Location

San Francisco, California, 94618,

United States

Latest Shepherd News

Insurtech Shepherd Announces $6.15 Million Seed Funding

Sep 3, 2021

Shepherd, an Insurtech that offers “tech-enabled insurance for commercial construction,” has announced a $6.15 million seed round led by Spark Capital. Natalie Sandman, a partner at Spark, has joined the board of Shepherd. The funding included the participation of Susa Ventures, Procore Technologies, Y Combinator, Greenlight Re, Oldslip, and several angels from within the Fintech ecosystem, according to a blog post. Procore is a top project management platform for the construction industry and this is the first investment the company has made in an early-stage firm. The growth capital will be utilized to invest in the company’s engineering and underwriting teams. Shepherd explains that it digitizes the way insurance is procured within commercial construction. Its platform is designed to automate the underwriting process and offers contractors rewards and incentives to invest in technology. The company states that since 2015 over $5 billion of venture capital has been invested into the development of construction technology but financial services for construction largely remain the same – thus creating an opportunity for disruption. Shepherd states: “We believe contractors should be rewarded and incentivized to invest in technology that makes them safer, more productive, or more efficient. And, we’re betting on a world where the data from technology products is inherently tied to underwriting, pricing, and risk selection.” Shepherds end to end platform aims to leverage integrations with construction tech partnerships to automate the underwriting process. By correlating data about contractor behaviors with loss outcomes, they believe they can better price their insurance. Shepherd reports that it has been running a pilot program with several brokerages that collects data and develops insurance submissions. These tools are free and now available to a wider audience. “At scale, every Shepherd customer will be underwritten not just based on their history or the locations that they operate, but rather reflective of the investments they’re making into their businesses and employees. Technology is already changing the construction industry for the better – it’s time for insurance companies to embrace this same movement. Shepherd is the company that we have always wanted to build – pioneering new ways to solve old problems and setting a new standard for technology enabled insurance in the construction industry.”     Press Releases Data Privacy App TIKI Launches Public Crowdfunding Campaign to Give Users Stake in the Company Currently in beta, the company isadding product and engineeringresources leading up to a plannedpublic app launch in Q1 2022  TIKI, ... ARK7 launches Reg A+ platform with Dalmore Group Dalmore Group welcomes ARK7, a newplayer in the rapidly expanding RegA+ series issuer arena, delivering astock-like real-estate investmentplatform which allows anyone over the ... Nationally Recognized 'Rest App' That Launched the Scientific Sleep Phenomenon Opens to Crowdfunding Investors Restflix, a science-backed streamingservice designed for better anddeeper sleep, has officially ... Dalmore Group Teams with Global Wine Marketplace Vinsent for Direct Reg CF Offering Veteran Reg A+ Broker-Dealer DalmoreGroup announced the Reg CF launch ofVinsent, a company that is working toenhance the wine industry ecosystem ... Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M Brooklyn, NY, April. 14, 2021 —Pakt, Inc., a company that createsgear built for the modern traveler, ... Upcoming Events

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Research containing Shepherd

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CB Insights Intelligence Analysts have mentioned Shepherd in 2 CB Insights research briefs, most recently on Jan 14, 2021.

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