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Shift
About
Shift is an online marketplace for buying and selling used cars.
- San Francisco,California,United States
- 501 - 1000
- http://shift.com
Details
- Last Funding Type
- Post-IPO Debt
- Last Funding Money Raised
- $20M
- Industries
- Automotive,E-Commerce,Logistics,Marketplace,Retail Technology
- Founded date
- Jan 1, 2013
- Number Of Employee
- 501 - 1000
- Operating Status
- Active
- Stock Symbol
- nasdaq:SFT
- Legal Name
- Shift Technologies, Inc.
- Also Known As
- Shift Technologies
Shift is an online marketplace for buying and selling used cars. Acting as a personal concierge service, the company details cars, lists them on multiple lists, handles test drives, and finds intent buyers. Charging a Shift Service Fee for registration, car prep services, and sales tax, Shift provides customers with a 150-point concierge report that includes specs, high-resolution photos, vehicle history, and results on their cars before purchase.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Mar 15, 2022 | Post-IPO Debt | $20M | 1 |
SoftBank Group International
|
— | Detail |
| Oct 14, 2020 | Post-IPO Equity | $185M | 3 | — | — | Detail |
| Oct 13, 2020 | IPO | — | — | — | — | Detail |
| Apr 10, 2019 | Series D | $40M | — | — | — | Detail |
| Sep 13, 2018 | Debt Financing | $70M | — | — | — | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
SoftBank Group International
|
Yes | Post-IPO Debt |
Lithia Motors
|
Yes | Series D |
ArrowMark Partners
|
— | Post-IPO Equity |
Bossanova Investimentos
|
— | Post-IPO Equity |
Fidelity Management and Research Company
|
— | Post-IPO Equity |
BMW i Ventures
|
— | Series D |
DCM Ventures
|
— | Series D |
G2 Venture Partners
|
— | Series D |
Goldman Sachs Investment Partners
|
— | Series D |
Highland Capital Partners
|
— | Series D |
Employee Profiles
Acquisition
Shift has acquired 3 organizations. Their most recent acquisition was Opsolutely on May 1, 2018. They acquired Opsolutely for 0.
