# PayShepherd

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payshepherd

- Industry: Software
- Headquarters: Calgary, Canada
- Website: www.payshepherd.com/
- Total disclosed funding: $8.1M
- Latest round: Seed (Mar 6, 2024)
- Investors on record: 5

## About

Founded in 2018, and based in Alberta, Canada, Project Recapture Inc., doing business as PayShepherd, operates as a provider of a contractor management technology platform. The company was founded by its CEOs, Wesley Sessenwein, Jennifer Hunter, and Johan Lee. In March 2024, PayShepherd raised CAD 7 million in seed funding led by Inovia Capital, with participation from Nashville Capital Network, Thin Air Labs, and Yaletown Partners.

PayShepherd’s financial-based contractor management platform offers centralized, digitalized, and verified tracking of labor, equipment, and materials for heavy industries. It guarantees project completion, detects hazards, offers real-time visibility into contractor order execution, and improves operational effectiveness. Its functions include automating purchase order closeouts, contract compliance, performance tracking, daily cost reporting, and timely payments. PayShepherd gives businesses the ability to manage invoices, keep track of spending, and keep their vendor relationships intact.

## Funding rounds

- Seed, Mar 6, 2024, $5.2M — Yaletown Partners, Inovia Capital, Nashville Capital Network, The A100, Thin Air Labs
- Seed, Jun 7, 2022, $3M — Yaletown Partners, Nashville Capital Network, Thin Air Labs

## Investors

- Yaletown Partners (https://capitalatlas.ai/funds/yaletown-partners) — Seed
- Nashville Capital Network (https://capitalatlas.ai/funds/nashville-capital-network) — Seed
- Thin Air Labs (https://capitalatlas.ai/funds/thin-air-labs) — Seed
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed
- The A100 — Seed