Shepherd, property performance management platform secures follow-on funding

by Startacus Admin

Further funding secured by innovative PropTech and InsurTech startup Shepherd, the innovative property performance management business...

Good news from Shepherd, the innovative property performance management business, who have secured follow-on funding from Earthworm, an investor focused exclusively on sustainable projects.

The £1.1m investment will enable the business to continue its growth plans following Earthworm’s initial £2m investment in March 2019.

Earthworm’s investment portfolio spans sustainable energy, waste, food and property projects and it supports projects that have a positive social and environmental impact on the world.

This fits well with Shepherd’s ethos which is to help create a smarter, more sustainable environment by providing property owners and managers with actionable insight via a range of data analytical solutions. Shepherd’s technology enables their customers to be in control and have a complete view of their property’s health.

Their real-time remote monitoring solution helps organisations to review their commercial property energy consumption and reduce their carbon footprint and operating costs by 25%. The real-time monitoring and alerts also transform how risk is managed, preventing issues before they arise, reducing losses and breakdowns.

Stephen Chadwick, Shepherd’s CEO, said: “We are delighted to continue our relationship with Earthworm, constant advocates of our vision here at Shepherd. They recognise our unique capabilities to serve the market opportunity to transform how properties are monitored and managed”.

Kerry Hughes, Earthworm’s Head of Portfolio and Investment, said: “Since our first investment in Shepherd we have been extremely impressed with their progress, and we are very pleased to continue supporting them. Each of the investments in our portfolio is striving to have a positive impact on the planet and Shepherd is a perfect fit – their technology will improve the sustainability of property management.”

The investment will enable Shepherd to continue broadening their data analytical team and develop additional analytical tools for property performance. Strengthening existing and creating new enterprise and partnership relationships will also be a focus; Shepherd currently works with the six largest insurers in the UK to help manage risk and the business also has a presence in several key sectors including social housing, environmental services, hospitality and education.

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Published on: 22nd April 2020