Shift
Company

Last deal

$20M

Amount

Post-IPO Debt

Stage

15.03.2022

Date

11

all rounds

$504M

Total amount

General

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

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Also Known As

Shift Technologies

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

The company acts as a personal concierge service, providing a 150-point report that includes specs, high-resolution photos, vehicle history, and results on their cars before purchase. Shift charges a service fee for registration, car prep services, and sales tax. It operates in two segments: Retail and Wholesale, with the majority of its revenue coming from Retail. Shift's mission is to make car purchase and ownership simple and accessible to everyone by providing comprehensive, digital solutions throughout the car ownership lifecycle, including finding the right car, test drives, financing, vehicle protection products, and trade-in/sale transactions.
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