Shepherd Raises $42 Million in Series B Funding
Shepherd, a San Francisco-based provider of insurance solutions for construction and infrastructure projects, has successfully completed a Series B funding round, raising $42 million. The round was led by Intact Private Capital, with additional participation from Spark Capital and Costanoa Ventures.
Company Overview
Founded by Justin Levine (CEO) and Mo El Mahallawy (CTO), Shepherd is focused on offering AI-driven insurance tailored for the construction, infrastructure, and energy sectors. The company utilizes proprietary AI underwriting technology and integrates real-time construction data to deliver precise and efficient insurance solutions.
Investment Details
The Series B funding round, announced on March 24, 2026, highlights the growing interest in technology-enhanced insurance solutions. Shepherd's platform aims to minimize risk and streamline insurance processes for builders and operators in the physical world.
Use of Funds
While specific plans for the newly raised funds were not detailed, the capital is expected to support Shepherd's continued growth and development of its AI-native insurance platform. This includes potential expansions in product offerings and strengthening its market presence.
Leadership and Vision
Justin Levine, Co-Founder and CEO of Shepherd, emphasized the company's commitment to innovation in the insurance industry, stating: "We are excited to continue advancing our platform to better serve the needs of our clients in the construction and infrastructure sectors."
Looking Ahead
With this latest funding, Shepherd is well-positioned to further enhance its technological offerings and expand its reach in the commercial insurance market. By leveraging AI and real-time data, the company aims to provide more efficient and effective insurance solutions to its clients.
For more information about Shepherd and its insurance solutions, visit their website.