Shepherd raises $6.2 M seed round to take on the construction insurance coverage market

by RJ Shara | Sep 2, 2021 | Fundings and Exit, Startups

Shepherd fits into a style of neoinsurance companies selling more to other business than to consumers– and wagering on there being margin elsewhere in the insurance world to attack. Believing broadly, Shepherd fits into a style of neoinsurance service providers selling more to other business than to consumers. Excess liability protection is the “wedge” that Shepherd plans to use to get into the building and construction insurance market, it said, with intent of launching other items in time. Natalie Sandman led the offer for Spark, telling TechCrunch that when she first encountered Shepherd it was working on a various project, however that when it moved its focus, it struck a chord with her company. The investor stated that the concept of bringing brand-new data to the building and construction insurance coverage underwriting procedure might assist the business make smarter choices. …