It was just a little over three years ago that we sold our first Shift car in San Francisco. Since that time, we’ve become the number one used car seller in the Bay Area, grown our team by 100x, and expanded to several new markets. It’s been a wild ride.
And thanks to some recent financing by leading investors, we’re in it for the long haul. Last month, BMW iVentures, DCM, G2 Ventures, Goldman Sachs, and Highland Capital invested more than $38 million in Shift’s Series C. To date, we have raised more than $110 million.
This funding allows us to continue to build awesome technology that consumers love, hire new talent, and expand to even more markets. We are grateful that such amazing investors believe in our product and our team.
I never could have imagined when I was working out of my apartment (yes our first office was my apartment) that one of the world’s most iconic car companies would invest in Shift. BMW coming on board was a true pinch me moment.
And we felt it was important to share this news with you, our customers. Your support and faith in us—especially during our very early days—got us here. We couldn’t have done it without you.
George & Toby