Construction Insurtech Shepherd in California Raises $13.5M in Series A Funding

San Francisco, California-based insurtech Shepherd announced 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.

The company says it will utilize the funds to expand its underwriting and software team, accelerate product development and scale its software offerings.

Shepherd is an insurance tech platform for commercial construction.

Shepherd is also rolling out a new software service, Shepherd Compliance, designed to streamline and automate vendor compliance reviews.