Shepherd Insurance Analysis: $14M Raised
What is Shepherd Insurance?
Shepherd Insurance specializes in commercial insurance for the construction industry's middle market, offering fast underwriting and risk management software. The company provides insurance capacity alongside technology solutions to help clients manage risks effectively.
Industry
Insuretech, FinTech
Latest Funding Amount
$13,500,000
Latest Funding Round Size
$13.5M
Product Features & Capabilities
- Primary Casualty
- Excess Casualty
- Builder's Risk
- Savings program
- Insights solutions
- Marketplace for technology discounts
How much Shepherd Insurance raised
Series A - $13.5 million
February 7, 2024Lead Investor: Costanoa Ventures
Other Considerations
Trusted by leading retail brokerages in commercial risk; Offers up to 25% premium savings for clients using technology; Provides insurance backed by top capacity and reinsurance providers
Reported Clients
- $25M Street & Road Contractor in Florida
- $90M Heavy Civil Contractor in Georgia - The focus here is on how Shepherd's high-touch approach contributed to the growth of their primary practice portfolio.
- $87M Life Sciences Development Project - In this project, Shepherd provided a combined casualty and builder's risk offering.
Gtm Strategy
Shepherd Insurance employs a sales-led growth strategy, focusing on high-touch relationships and structured enterprise sales cycles. Their website emphasizes the importance of personal interaction, with no prominent free trial or self-service signup options. Instead, they highlight their efficient underwriting process and risk management solutions, which are tailored for the construction industry's middle market. The pricing information is not transparently displayed, suggesting a more traditional sales approach where potential clients may need to contact sales for detailed information. Customer testimonials reflect positive experiences with their service, indicating a focus on building strong client relationships. Additionally, the presence of educational resources like insights and case studies supports their sales-led approach, as they aim to provide value through expert knowledge rather than self-service tools.
Homepage Pricing
The homepage of Shepherd Insurance does not provide specific pricing details, such as transparent pricing structures or free tiers. However, it mentions that clients can achieve "up to 25% premium savings" by utilizing leading technologies for safety and risk management. Additionally, there are "automatic credits for customers" as part of their savings program. Overall, while there are incentives for savings, the pricing information is not explicitly detailed or transparent.
Tech Stack
Shepherd Insurance employs a diverse technology stack across various roles, particularly in engineering and product management. The findings from the job postings are as follows: **Programming Languages:**
- Typescript: Mentioned in the Senior Software Engineer role, indicating a preference for strongly typed languages.
- JavaScript: Implied through the use of frameworks like React and Next.js.
- Node.js: Used in backend development, suggesting a JavaScript runtime environment for server-side applications.
- Slack: For team communication.
- G-Suite: For documentation and collaboration.
- Figma: For design work.
- Linear: For project and task management.