$73 Million San Francisco Car Broker "Shift" Launches Buyer Operations in San Diego
 |
Editor's Note: $73 Million, Seventy-three Million, Goldman Sachs? WTF. Another con job, whose money are the VC's using? Are they so stupid? I guess so!
LEARN MORE: Do A Little Work And Save Lots Of Money As A "Free-To-The-Dealer" Unencumbered Car Buyer
LEARN MORE: Snake Oil Is Alive And Well in SiliCON Valley - Beepi Used Car Scheme - $149 Million Invested, 260 Employees Hired Buh Bye : Step Right Up Folks Fair.Com Is In The Wings
SAN DIEGO, March 23, 2017 -- Shift (shift.com), a San Francisco-based startup that combines technology and a team of car concierges to take the hassle and guesswork out of buying and selling a car, today announced that it has expanded its buyer operations in San Diego. Now, with the touch of a button, people across San Diego will have access to Shift's buyer and seller's tool and proprietary pricing algorithms, allowing them to buy or sell a car seamlessly, while earning thousands more, on average, than through a traditional dealer.
"We are excited to expand our operations in San Diego and give San Diegans the opportunity to buy cars through the Shift platform," said Shift President Toby Russell. "In the 30 months since launching, we've proven that Shift is the way millennial's and urban residents want to buy a car. In fact, more than 50% of our customers are millennials. Customers love Shift because our our product combines an amazing online experience with an offline test drive that is delivered to the customer's location, avoiding the need to go to a big box auto sales location in the outer suburbs."
Shift provides the best experience and value for both buyers and sellers through their comprehensive concierge service, which includes free on-demand test drives, on-site appraisals and car pick-up. Shift also manages the entire buying and selling process, ranging from routine inspections to detailing and DMV paperwork. In the event that Shift does not have the right car on-hand, a Shift Car Enthusiast will work with the buyer to find them the perfect ride.
Shift has raised more than $73 million in total funding, with $23.8M in its Series A round, led by DFJ and Highland Capital, and $ 50M in Series B financing, led by Goldman Sachs Investment Partners.
About Shift
Shift is evolving the car buying experience by pairing a technology-first approach with superior customer service. With Shift, one of our friendly car enthusiasts will work with you, whether it's bringing a test drive to your door or providing an instant appraisal for the car you want to sell. Our end goal? To build a more trustworthy marketplace that makes it really simple to buy, own, and sell the cars that make life go.
