Shift Stock
Digital Car Marketplace
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About Shift Stock
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.
Investors
Blue Ivy Ventures
Wheels Up, Divergent 3D, Plastiq, Upstart, Humatics, Emulate, Shift, OpenGov, Tamr, Freshly
BMW i Ventures
Fair, Graphcore, Carbon, ChargePoint, Proterra, Turntide Technologies, Trifacta, Nauto, Shift, Kodiak Robotics
DCM
Bill.com, Shift, Matterport, Eaze, SigFig, FreedomPop, Augmedix, Kespry, Fond (formerly AnyPerk), Coffee Meets Bagel
Draper Fisher Jurvetson
Avant, Theranos, Coinbase, Twitter, Box, Good Technology, DataStax, Twilio, Alert Logic, TangoMe
Goldman Sachs
WeWork, Alibaba, Spotify, Compass, Pinterest, Bloom Energy, Oscar Health, Circle, Ramp, Automation Anywhere
Great Oaks Venture Capital
Acorns, Bolt Financial, Workrise, Collective Health, Course Hero, SingleStore, Virta Health, Human Interest, Maven Clinic, Petal
Highland Capital Partners
Scopely, Auris Health, Inc., Welltok, Rent the Runway, Enjoy, Qumulo, EverlyWell, Carbon Black, Turbonomic, Tomorrow.io
Lithia Motors
Funding History
| November 2014 | $11.9M |
|---|---|
| August 2015 | $11.0M |
| May 2017 | $39.1M |
| May 2018 | $10.0M |
| September 2018 | $100M |
Management
Co-Founder & Chief Executive Officer
George Arison
Co-Chief Executive Officer
Toby Russell
Co-Founder & Chief Technology Officer
Christian Ohler
Chief Operating Officer
Sean Foy
Press
Forbes - May, 15 2020
No-Contact Test Drive Gives Shift’s Online Buying Effort KickstartNBC News - May, 11 2020
Furloughs, a loan and disinfectant: How one tech startup is surviving the coronavirus crisisTechCrunch - Apr, 10 2019
Online used car startup Shift adds another $40M, snags COO in road to IPOEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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