Shyft raises $16 million

Shyft, “the fintech-powered marketplace reinventing the global moving industry,” has raised $16 million in Series B funding from Munich Re Ventures, OurCrowd, Inovia Capital, and Blumberg Capital.

Headquartered in Miami, Florida and founded in 2015, Shyft describes itself as a one-stop-shop for moving needs. The company offers solutions for individuals, corporations, and moving companies, with the goal of providing a seamless end-to-end moving experience. One of Shyft’s main features is its video estimation technology that allows consumers to capture the items that need to be moved and get moving estimates without needing an actual person to visit the place.

The company offers this capability to moving companies along with a few other features. These include leads, digital payments, working capital, and the option to give folks moving flexible payment plans. Shyft is also working on an insurance product that will be distributed through movers.

The company has facilitated over 300,000 moves with 800+ moving companies and 220+ corporations and will continue to build partnerships and agreements with Relocation Management Companies, real estate companies and membership organizations.

“I am thrilled to join the Shyft team for the company’s next phase of growth. I believe we have the team and technology to disrupt the relocation industry by replacing legacy tools with a holistic technology solution. We are focused on accelerating the modernization of the moving industry and helping moving companies grow their business, while making it easier for individuals and families to move into their new homes.” – Randal Meske, CEO of Shyft.