Shift is an online marketplace for buying and selling used cars.
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.
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 |
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 |
Shift has acquired 3 organizations. Their most recent acquisition was Opsolutely on May 1, 2018. They acquired Opsolutely for 0.