# Shepherd Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shepherd-labs

- Industry: Insurance
- Headquarters: San Francisco, US
- Website: www.shepherdinsurance.com
- Total disclosed funding: $59M
- Latest round: Series B (Mar 24, 2026)
- Investors on record: 9

## About

Founded in 2020 and based in the US, Shepherd Labs, Inc. operates as an insurance tech company designed for the construction industry.

In March 2026, Shepherd Labs, Inc. raised USD 42 million in series B funding led by Intact Ventures, with participation from Costanoa Ventures and Spark Capital. 

Shepherd Labs' offers, Primary Casualty - General Liability, Commercial Auto, and Workers’ Compensation coverage offerings for annual contractor programs and projects; Excess Casualty - umbrella or follow form excess liability for contractor programs and projects; and a curated software/app marketplace as well as a Property / Builder's Risk solution which is to be released in 2024. The company's' solutions include AI Compliance, an automated certificate and endorsement tracking workflow solution which is free for all Shepherd policyholders; Insights, a comprehensive exposure assessments and loss benchmarking solution included on Shepherd proposals; and Savings which is a Technology-enabled premium savings program designed to reward customers.

The company generates revenue by offering commercial insurance coverage and software solutions.

The company plans to use the March 2026 funding to expand across Europe by scaling production of its cocoa-free ingredient, building partnerships with confectionery makers in Germany, France, and Italy, and hiring senior commercial staff.

## Funding rounds

- Series B, Mar 24, 2026, $42M — Spark Capital, Costanoa Ventures, Intact Ventures
- Series A, Dec 4, 2023, $11M — Spark Capital, Costanoa Ventures, Intact Ventures, Greenlight Re Innovations, Era Ventures
- Seed, Sep 2, 2021, $6.2M — Spark Capital, Y Combinator, Procore Technologies, Inc., Susa Ventures, Greenlight Re Innovations, OldSlip Group

## Investors

- Spark Capital — Seed, Series A, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Procore Technologies, Inc. — Seed
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed
- Greenlight Re Innovations — Seed, Series A
- OldSlip Group (https://capitalatlas.ai/funds/oldslip-group) — Seed
- Costanoa Ventures (https://capitalatlas.ai/funds/costanoa-ventures) — Series A, Series B
- Intact Ventures (https://capitalatlas.ai/funds/intact-ventures) — Series A, Series B
- Era Ventures (https://capitalatlas.ai/funds/era-ventures) — Series A