# Shift Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shift-technologies

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.shift.com
- Total disclosed funding: $181M
- Latest round: Series D (Sep 12, 2018)
- Investors on record: 14

## About

Shift Technologies, Inc. is a US-based company that specializes in providing a unified browser solution to enhance the management of web applications and email accounts, streamlining productivity for users globally.Founded in 2013 and headquartered in San Francisco, US, Shift Technologies, Inc. is focused on enhancing digital productivity. The company has undergone significant changes, including a merger with Insurance Acquisition Corp. in June 2020 for USD 380 mn, leading to its public listing. In August 2022, it agreed to merge with CarLotz, Inc. for an undisclosed amount. As of October 2023, Shift Technologies, Inc. filed for Chapter 11 bankruptcy protection. The founders of Shift include Heidi McAra and Jim Williams, while Adam Nash serves as the current CEO.Shift Technologies Inc. specializes in a browser solution designed to streamline the management of web applications and email accounts within a single interface. The core product, the Shift browser, integrates multiple web apps, including email accounts like Gmail and Outlook, and productivity tools such as Todoist and Zoom. It allows users to navigate their digital lives more efficiently by providing customizable workspaces to keep personal and professional activities separate while maintaining accessibility to all necessary tools. The solution primarily targets professionals and teams seeking to enhance productivity and organization in their work environments. Shift's offerings are available globally, especially in North America, Europe, and Asia, where there is strong demand for digital productivity tools.In the most recent fiscal year of 2022, Shift Technologies Inc. reported a revenue of USD 670.75 mn, with an EBITDA of USD -213.16 mn. The company generates revenue through a subscription-based model that offers various pricing plans tailored for both individual users and teams.Shift Technologies, Inc. is exploring several avenues for future growth, including the development of new products and enhancements to its existing offerings. While specific upcoming product releases have not been detailed, the company is actively working to expand its reach into new markets, particularly focusing on North America, Europe, and Asia. The recent funding raised in the Series D round on October 6, 2023, totaling USD 40 mn, is expected to support these strategic initiatives as the company seeks to stabilize and innovate following recent corporate restructuring.

## Funding rounds

- Series D, Sep 12, 2018, $71M — Draper Fisher Jurvetson, Highland Capital Partners, DCM, Goldman Sachs Asset Management, BMW i Ventures, G2 Venture Partners, Alliance Ventures, Lithia Motors, Inc.
- Series C, May 12, 2017, $38M — Draper Fisher Jurvetson, Highland Capital Partners, DCM, Goldman Sachs Asset Management, BMW i Ventures, Alumni Ventures Group, G2 Venture Partners
- Series B, Aug 27, 2015, $50M — Draper Fisher Jurvetson, Highland Capital Partners, DCM, Goldman Sachs Asset Management, Middleland Capital, Fenway Summer Ventures
- Series A, Nov 7, 2014, $22M — Draper Fisher Jurvetson, Highland Capital Partners, DCM, SV Angel, Great Oaks Venture Capital, Middleland Capital, Fenway Summer Ventures
- Seed, May 5, 2014 — Great Oaks Venture Capital, Middleland Capital, Fenway Summer Ventures, Hard Yaka

## Investors

- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Seed, Series A
- Middleland Capital — Seed, Series A, Series B
- Fenway Summer Ventures (https://capitalatlas.ai/funds/fenway-summer-ventures) — Seed, Series A, Series B
- Hard Yaka (https://capitalatlas.ai/funds/hard-yaka) — Seed
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series A, Series B, Series C, Series D
- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series A, Series B, Series C, Series D
- DCM (https://capitalatlas.ai/funds/dcm) — Series A, Series B, Series C, Series D
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B, Series C, Series D
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series C, Series D
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C
- G2 Venture Partners (https://capitalatlas.ai/funds/g2-venture-partners) — Series C, Series D
- Alliance Ventures — Series D
- Lithia Motors, Inc. — Series D