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Overview
Shepherd provides insurance for high-hazard commercial risks by pairing capacity with risk-management software and a curated app marketplace. Its platform enables underwriters to make decisions in hours, not weeks, and integrates with popular tools to streamline workflows. The product lineup includes General Liability, Commercial Auto, and Workers’ Compensation, supported by major capacity and reinsurance partners. The company pursues premium savings—up to 25%—through data partnerships and AI-powered risk reduction, plus free risk-management software for proactive clients, setting it apart from traditional MGUs with faster, data-driven risk management at scale.
About Shepherd
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$61.8M
Headquarters
San Francisco, California
Founded
2020
People at Shepherd
People at Shepherd who can refer or advise you
Simplify's Take
What believers are saying
- $42M Series B funding enables expansion into AI infrastructure and data centers.
- Revenue grew sevenfold in 24 months, covering $400B+ in insured project value.
- Partnerships with Procore and Autodesk enable behavior-based pricing models.
What critics are saying
- Catastrophic loss exposure from AI projects with 45–65% probability in 12–18 months.
- IoT data commoditization may erode premium savings advantage within 6–12 months.
- Overreliance on Brickeye creates single-source vulnerability with 40–60% risk in 9–15 months.
What makes Shepherd unique
- Shepherd integrates real-time construction data to automate underwriting in hours.
- It is the first MGU specializing in large commercial infrastructure risks.
- Shepherd Savings program rewards clients with premium credits for using safety tech.
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Funding
Total Funding
$61.8M
Meets
Industry Average
Funded Over
4 Rounds
Y CombinatorIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
Professional Development Budget
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 1%2 year growth
↑ 3%/PRNewswire/ -- Shepherd, the AI-native commercial insurance platform, today announced a $42 million Series B round led by Intact Private Capital, with...
Shepherd, a startup that underwrites construction insurance using data from project management software, has raised $42 million in Series B funding, CEO Justin Levine told Axios exclusively. The company is capitalising on increased infrastructure spending linked to AI development, which is creating new demand for faster underwriting as builders rush to bring new capacity online.
Loading. Loading...SAN FRANCISCO, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Shepherd , an insurance tech platform for commercial construction, announced today it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. Shepherd combines insurance together with software to help contractors save on premiums. The company will utilize the funds to expand its underwriting and software team, accelerate product development and scale its software offerings."There is an urgent need for innovation in the commercial construction insurance industry," said Justin Levine, CEO of Shepherd. "Our mission at Shepherd is ambitious but simple: to create the first comprehensive platform that combines top-tier insurance offerings with world-class software to help commercial businesses manage risk and prevent losses."Shepherd combines insurance capacity with fast underwriting, risk management software and a construction software marketplace to streamline tedious processes and workflows
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Shepherd is Hiring for 15 Jobs on Simplify!
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About Shepherd
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$61.8M
Headquarters
San Francisco, California
Founded
2020
Shepherd is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today