Shift

company

About

Shift is an online marketplace for buying and selling used cars.

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

Number of Funding Rounds
Total Funding Amount
12
$504M
Shift has raised a total of $504M in funding over 2 rounds. Their latest funding was raised on Mar 15, 2022 from a Post-IPO Debt round.
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

Employee Profiles

Number of Employee Profiles
16
Shift has 16 current employee profiles, including Board member Adam Nash
Board member
Board observer
Board member
Board member
Board observer

Acquisition

Shift has acquired 3 organizations. Their most recent acquisition was Opsolutely on May 1, 2018. They acquired Opsolutely for 0.

Date Company Name
Industry Acquisition Type Price
May 1, 2018 Opsolutely
Computer acquisition Detail
Mar 15, 2022 Fair
Automotive acquisition $ 45M Detail
Aug 9, 2022 Carlotz
Automotive merge Detail