Strategic Group-backed PayShepherd secures US$3M in seed funding
We are thrilled to share that Calgary-based PayShepherd, a fintech startup helping heavy industrial facilities manage contractor billing, has secured US$3M in seed funding. This new funding will support PayShepherd as it expands product & engineering capabilities, strengthens operations across Canada and the U.S., opens up new verticals, and further develops ecosystem integrations.
Strategic Group was an early investor in PayShepherd in 2020. Travis Callaway, Managing Director of Venture Capital at Strategic Group recognized the similarities between the real estate sector and the industrial facilities sector which PayShepherd supports.
“I was struck by how globally applicable and scalable PayShepherd’s offering can be,” said Callaway.
Using cloud-based contract assurance technology, PayShephard improves relationships between heavy industry and their contractors while increasing efficiencies and saving money for its clients.
“The value proposition offered by PayShepherd was immediately clear,” said Callaway. “The PayShepherd team fully understands the pain point they are resolving with their product. Their ability to secure additional funding from industry experts south of the border reinforces to me that they can have a major impact internationally from right here in Calgary.”