Tuesday, September 1, 2015

Shift Technologies Raises $50M For On-Demand Car Sales

San Francisco-based Shift Technologies, which operates an on-demand, smartphone driven marketplace for used cars, said today it has raised $50M in Series B funding. The funding came from Goldman Sachs Investment Partners (GSIP), and also included Draper Fisher Jurvetson (DFJ) and Highland Capital Partners. Ian Friedman of Goldman Sachs Investment Partners has joined the company's board with the funding. Shift helps sell pre-owned cars, by preparing those cars for sale, posting listings, and handling test drives, all through its own network of warehouses. More information »