About Shift Technologies
Shift Technologies is a company based in San Francisco (United States) founded in 2013 was acquired by Brand Networks in May 2015.. Shift Technologies has raised $222.8 million across 8 funding rounds from investors including Goldman Sachs, Lithia Motors and Brand Networks. Shift Technologies has completed 2 acquisitions, including CarLotz and Opsolutely. Shift Technologies operates in a competitive market with competitors including AFFiNE, SigmaOS, Aerotime, Morgen and Akiflow, among others.
- Headquarter San Francisco, United States
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$222.8 M (USD)
in 8 rounds
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Latest Funding Round
$40 M (USD), Series D
Apr 11, 2019
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Investors
Goldman Sachs
& 15 more
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Employee Count
Employee Count
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Investments & Acquisitions
CarLotz
& 1 more
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Acquired by
Brand Networks
(May 14, 2015)
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Funding Insights of Shift Technologies
Shift Technologies has successfully raised a total of $222.8M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $40 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $40.0M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series D - Shift Technologies | Valuation |
investors |
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| Sep, 2018 | Amount | Debt – Conventional - Shift Technologies | Valuation |
investors |
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| Sep, 2018 | Amount | Series D - Shift Technologies | Valuation | Lithia Motors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shift Technologies
Shift Technologies has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Lithia Motors and Brand Networks. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Venture capital fund investing in tech companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shift Technologies
Shift Technologies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CarLotz and Opsolutely. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Server management for code deployment and rollback is facilitated.
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2015 | ||||
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Used cars are traded via an online consignment platform.
|
2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Shift Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shift Technologies Comparisons
Competitors of Shift Technologies
Shift Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AFFiNE, SigmaOS, Aerotime, Morgen and Akiflow, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Enterprise collaboration platform is provided for workspace management.
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| domain | founded_year | HQ Location |
A SaaS-based platform for digital workspace management is provided.
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| domain | founded_year | HQ Location |
Provider of a digital workspace management solution
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| domain | founded_year | HQ Location |
Provider of a digital workspace management platform
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| domain | founded_year | HQ Location |
A digital workspace management tool is provided for productivity apps.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shift Technologies
Frequently Asked Questions about Shift Technologies
When was Shift Technologies founded?
Shift Technologies was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Shift Technologies located?
Shift Technologies is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Shift Technologies a funded company?
Shift Technologies is a funded company, having raised a total of $222.8M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $70M, raised on Jan 01, 2014.
What does Shift Technologies do?
Provider of software solutions for digital workspace management. It provides users with a platform to simplify the administration of several email accounts and online apps with a single interface. It connects to multiple web programs, including Dropbox, Gmail, Outlook, and more, enabling access without requiring frequent log-ins and log-outs. Additionally, it facilitates the organisation of tabs, bookmarks, and inboxes, which helps in switching between business and personal accounts.
Who are the top competitors of Shift Technologies?
How many acquisitions has Shift Technologies made?
Shift Technologies has made 2 acquisitions, including CarLotz, and Opsolutely.
Who are Shift Technologies's investors?
Shift Technologies has 16 investors. Key investors include Goldman Sachs, Lithia Motors, Brand Networks, Highland Capital Partners, and G2VP.
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