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Shepherd raises $6.2M!

September 3, 2021

Shepherd,  the newly launched insurance startup focused on the construction market, has closed a $6.2 million seed round led by Spark Capital, with participation from Susa Ventures, Procore Technologies, Y Combinator, Greenlight Re, OldSlip Group, and several strategic angels from within the insurtech and fintech ecosystem.

Launched earlier this year, the MGA is after middle market construction clients and it promises brokers “industry leading speed-to-quote.” Brokers can invite clients to a customizable portal for collecting data online and reduce data entry with “native integrations to the tools contractors already use everyday,” among other things. The first integration is with construction software company Procore, which will help reduce the time spent on insurance applications. Procore went public in May raising $634 million, and it has around 11,000 customers worldwide based on Q2 2021 data.

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