Shift
Latest round
- Seed
Last raised
- Sep 2018
Total raised
- Undisclosed
Investors
- 3
About Shift
Founded in 2017 in Munich, Germany, Shift GmbH develops advanced automotive parts and has executed 2 deals since its inception.parts specializes in the development and provision of innovative automotive components designed to enhance vehicle performance and efficiency. Their core product offerings include aftermarket parts that leverage advanced materials and engineering techniques to provide superior durability and reliability. The company's products aim to address several critical use cases, including performance enhancement, fuel efficiency improvement, and sustainability in automotive manufacturing.parts caters primarily to automotive manufacturers and aftermarket suppliers, engaging with both B2B clients and end users who are keen on optimizing vehicle performance.parts generates revenue through a structured B2B transaction model, focusing on partnerships with automotive manufacturers and wholesale distributors. Their sales approach includes negotiated contracts for bulk orders of aftermarket parts, ensuring a steady flow of high-volume transactions with established clients. Pricing plans for their flagship products are strategically set to reflect the high-quality standards and advanced technology featured in their offerings.parts as a competitive player in the automotive parts market.Shift GmbH has strategic plans for future growth, including the development of new automotive parts, although specific new product launches and timelines have not been disclosed. The company is exploring expansion into additional markets across Europe and Asia by the end of 2023. The recent acquisition by Xometry, Inc. is expected to enhance Shift GmbH's capabilities, utilizing the synergies from this partnership to support growth initiatives.
Who invested in Shift
3 investors across 1 round
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Funding rounds
Seed
Sep 30, 2018
Amount
Undisclosed
Investors
Questions about Shift
Who invested in Shift?
Shift has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Shift raised?
Shift has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Shift last raise money?
Shift's most recent round on record is a Seed, in Sep 2018.
What does Shift do?
Founded in 2017 in Munich, Germany, Shift GmbH develops advanced automotive parts and has executed 2 deals since its inception.
Where is Shift headquartered?
Shift is headquartered in Munich, Germany.
Which VCs invest in companies like Shift?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back business support services companies at Shift's stage. Their profiles are linked below.
VCs backing business support services startups at Seed
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