Shyft, a Miami, FL-based fintech-powered marketplace for the global moving industry, closed a $16m Series B funding.
Backers included new investors Munich RE Ventures and OurCrowd, and existing investors Inovia Capital and Blumberg Capital.
The company will use the new capital to expand its solutions and value to customers across top global markets and demographics for relocation and moving.
From connecting customers to the world’s best moving companies and providing pricing transparency, to integrating financial solutions for both those moving and suppliers, Shyft is providing digital infrastructure and supply chain solutions to the entire moving industry.
The company also announced that Randal Meske has been named Chief Executive Officer. Meske is a veteran go-to-market and growth leader with decades of leadership experience, including roles at SaaS startups and industry leaders such as IBM, Lotus, IHS Markit, and Oracle.
Shyft has facilitated more than 300,000 moves with 800+ moving companies and 220+ corporations and will continue to build partnerships and agreements with Relocation Management Companies (RMCs), real estate companies and membership organizations.
FinSMEs
16/09/2022