Earlier today, we announced that our company has raised a $50M Series B financing led by Goldman Sachs, with participation from our Series A leads DFJ and Highland Capital Partners, as well as DCM Ventures.
This is a game-changer for our company. While we always knew our work at Shift was special, partnering with one of the world’s leading financial institutions takes us to the next level.
So what next? For starters, we will focus on growing our already amazing team. We need engineers, designers, operators, as well as folks in finance, public relations, growth, and brand. And we want to hear from you.
We’ll also be working on aggressively entering new markets. We recently opened our second hub in Los Angeles and are laying the groundwork to launch in cities across the country. But most importantly, we have a formula that works. Since June 2014, our sales have grown 50x.
We love what we do and are delighted our hard work is paying off. One city at a time, we are transforming the way people view car ownership. And soon, we’ll be in a city near you.
George Arison, Co-founder & CEO