• Online used car startup Shift raises $140 million

    12 days ago - By Tech Crunch

    Shift Technologies, an online marketplace for used cars, has closed a Series D financing round of more than $140 million in equity and debt.
    The round, which consists of about $70 million in debt and $71 million in equity, was led by automotive retailer Lithia Motors. Bryan DeBoer, CEO and president of Lithia, will join Shift's board of directors.
    Previous investors Alliance Ventures, BMW iVentures, DCM, DFJ, G2VP, Goldman Sachs Investment Partners and Highland Capital also participated. This new capital brings Shift's total financing of equity and debt to $265 million.
    Shift, which is...
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