On-demand removals marketplace Shift secures £2.5m
On-demand removals marketplace Shift has received £2.5m in funding from London-based VC fund Fuel Ventures.
Shift aims to bring on-demand technology to the removals and deliveries sector, offering customers and businesses a bespoke service to move anything from a single table to a full home or office, at any time of the day.
The online platform combines technology with intelligent algorithms in real-time to find the most suitable ‘Shifter’ for each job from its UK-wide network, giving customers complete flexibility to work around their schedules.
Dubbed the ‘Uber for removals’, the business has achieved an annual turnover of £1.7 million since its launch 15 months ago. It has attracted a nation-wide network of more than 4,000 self-employed drivers and secured partnerships with some of the UK’s leading retailers, storage specialists and delivery companies.
The funding will allow the company to strengthen operations and expand its team.
Jacob Corlett, founder of Shift, commented: “The business has taken off at an exceptional rate – in just over one year, we have achieved an annual turnover of £1.7 million and attracted a nation-wide network of self-employed drivers. It’s a very exciting time for us and I’m very pleased to have the backing of Fuel Ventures to strengthen Shift even further.”
Mark Pearson, founder of Fuel Ventures, added: “This is an exciting time for Fuel Ventures and its start-ups, and Shift is a fantastic addition to our portfolio. We look forward to seeing what they will do in this space.”