# Shyft Moving

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shyft-moving

- Industry: Software
- Headquarters: Miami, US
- Website: www.shyftmoving.com
- Total disclosed funding: $31M
- Latest round: Series B (May 6, 2022)
- Investors on record: 8

## About

Shyft Moving, Inc. is a logistics company that specializes in providing efficient moving solutions for residential and commercial clients across the United States, utilizing a digital platform to enhance the relocation experience.Shyft Moving, Inc. simplifies the moving process for clients through a comprehensive suite of logistics services. Founded in 2015 in Miami, US, by Alex Alpert, the company has completed three deals to date. Their latest funding round was a Series B in May 2022, raising USD 15.7 mn, bringing the total amount raised to USD 15.7 mn. The company is currently valued at USD 85.646 mn.Shyft Moving specializes in providing innovative moving and logistics solutions designed to streamline the relocation process for both residential and commercial customers. Their core offerings encompass a comprehensive range of services, including packing, loading, transportation, and unpacking, facilitated through a user-friendly digital platform that enables clients to schedule and manage their moves efficiently. The primary end-use cases they address include simplifying the often-complex and stressful process of moving while offering transparency and reliability in logistics. Shyft Moving primarily serves urban markets across the United States, catering to diverse customer segments ranging from individual homeowners to large corporations seeking to relocate their offices. This approach not only enhances customer convenience but also aims to minimize the logistical challenges inherent in moving.Shyft Moving generates revenue through a structured pricing model that includes various service tiers tailored to meet the specific needs of its diverse client base. Clients typically engage with the company through direct-to-consumer transactions, which may involve a combination of fixed-rate packages based on the size of the move and additional services requested, such as packing materials or specialized transportation. The company’s revenue streams are supported by flagship services that ensure a comprehensive and customizable moving experience, thereby attracting both repeat and new clients. Partnerships with real estate firms and corporate relocation services further enhance their market presence, allowing for strategic collaborations that drive additional revenue opportunities.In May 2022, Shyft Moving, Inc. raised USD 15.7 mn in Series B funding from returning investors Blumberg Capital, Inovia Capital, and OurCrowd, along with participation from new investor Munich Re Ventures. The company plans to utilize this funding to expand its market offerings. Upcoming initiatives include the launch of new products designed to enhance the customer experience in moving and logistics. Furthermore, Shyft Moving aims to penetrate new urban markets across the United States, strategically targeting key regions to broaden its service reach.

## Funding rounds

- Series B, May 6, 2022, $16M — Inovia Capital, Blumberg Capital, OurCrowd, Munich Re Ventures
- Series A, Jan 21, 2020, $15M — Inovia Capital, Blumberg Capital, FJ Labs
- Seed, Jun 20, 2018 — Tech Coast Angels, Moderne Ventures, Ocean Azul Partners

## Investors

- Tech Coast Angels — Seed
- Moderne Ventures (https://capitalatlas.ai/funds/moderne-ventures) — Seed
- Ocean Azul Partners (https://capitalatlas.ai/funds/ocean-azul-partners) — Seed
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series A, Series B
- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Series A, Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series B
- Munich Re Ventures (https://capitalatlas.ai/funds/munich-re-ventures) — Series B