# SHIFT funding: rounds and investors > SHIFT has raised $344M across 17 rounds since 2011. Investors include Draper Nexus, Middleland Capital and Tony Hsieh. Every round with its source. Source: https://millionrounds.com/company/shift (Millionrounds; every figure on the page links to its filing or article) United States · [Seed startup](https://millionrounds.com/companies) # Who invested in *SHIFT* 17 rounds we have observed, with the 53 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Internet Web3 & Crypto Funding summary Updated 26 Oct 2026 **$344M** raised across 17 rounds since 2011, from 18 sources **$2.0M** Series A **$6.0M** Venture **$550K** Venture **$3.0M** Venture **$6.0M** Seed **$10M** Series A **$24M** Series A **$50M** Series B **$38M** Series C **$40M** Series D **$20M** Debt **$16M** Debt **$128M** Debt **$2.0M** Seed - **Latest round:** Seed, $2.0M Sept 2025 - **Biggest round:** $128M Debt · Apr 2025 - **Investors:** 53 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2011 2013 2015 2017 2019 2021 2023 2025 **$2.0M** Series A **$6.0M** Venture **$550K** Venture **$6.0M** Seed **$24M** Series A **$50M** Series B **$38M** Series C **$40M** Series D **?** Venture **$20M** Debt **$16M** Debt **$128M** Debt **$2.0M** Seed - **First round:** Series A, $2.0M - **Biggest round:** $128M - **Usual gap between rounds:** 8 months ## The rounds - **Sept 2025** Seed **$2.0M** *1 new* [SNZ Holding](https://millionrounds.com/fund/snz-capital) Source recorded - **Apr 2025** Debt **$128M** *2 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Peak XV](https://millionrounds.com/fund/peak-xv) Source recorded SEC filing: $50K sold, first sale Mar 2025 - **Nov 2022** Debt **$16M** *2 new* [Fuel Ventures](https://millionrounds.com/fund/fuel-ventures) [Oryx Fund](https://millionrounds.com/fund/oryx-fund) Source recorded - **Mar 2022** Debt **$20M** *3 new* *1 returning* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [SV Angel](https://millionrounds.com/fund/sv-angel) [Bossa Invest](https://millionrounds.com/fund/bossa-invest) [Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) Source recorded - **Jun 2019** Venture **Amount undisclosed** *4 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) [Citibank](https://millionrounds.com/fund/citi) Source recorded and 1 other - **Apr 2019** Series D **$40M** No investor was named in the report. Reported by TechCrunch - **Jul 2016** Series C **$38M** *4 new* *1 returning* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [DFJ](https://millionrounds.com/fund/dfj) [G2VP](https://millionrounds.com/fund/g2vp) BMW i Ventures/ DCM Highland Reported by FinSMEs SEC filing: $1.9M sold, first sale Mar 2016 - **Sept 2015** Series B **$50M** *2 new* *3 returning* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) [Highland Capital Partners](https://millionrounds.com/fund/highland-capital-partners) [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) [Middleland Capital](https://millionrounds.com/fund/middleland-capital) From a historical funding record SEC filing: $1.2M sold, first sale Mar 2015 - **Nov 2014** Series A **$24M** *6 new* *2 returning* [SV Angel](https://millionrounds.com/fund/sv-angel) [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) [Highland Capital Partners](https://millionrounds.com/fund/highland-capital-partners) [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) [XG Ventures](https://millionrounds.com/fund/xg-ventures) [DFJ Esprit](https://millionrounds.com/fund/dfj-esprit) [Middleland Capital](https://millionrounds.com/fund/middleland-capital) From a historical funding record SEC filing: $22M sold, first sale Nov 2014 - **May 2014** Series A **$10M** *1 returning* [Tony Hsieh](https://millionrounds.com/fund/tony-hsieh) From a historical funding record - **Jan 2014** Seed **Amount undisclosed** *5 new* [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) [Middleland Capital](https://millionrounds.com/fund/middleland-capital) [Andrew Boszhardt, Jr.](https://millionrounds.com/fund/andrew-boszhardt-jr) [Kevin Mahaffey](https://millionrounds.com/fund/kevin-mahaffey) [Henry McNamara](https://millionrounds.com/fund/henry-mcnamara) From a historical funding record - **Nov 2013** Seed **$6.0M** *5 new* *2 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [DN Capital](https://millionrounds.com/fund/dn-capital) [Fabrice Grinda](https://millionrounds.com/fund/fabrice-grinda) [QueensBridge Venture Partners](https://millionrounds.com/fund/queensbridge-venture-partners) [Draper Nexus](https://millionrounds.com/fund/draper-nexus-venture-partners) [Blue Cloud Ventures](https://millionrounds.com/fund/blue-cloud-ventures) [Bill Budinger](https://millionrounds.com/fund/bill-budinger) Reported by techcrunch.com - **Sept 2013** Venture **$3.0M** *1 new* *1 returning* [Tony Hsieh](https://millionrounds.com/fund/tony-hsieh) [Zach Ware](https://millionrounds.com/fund/zach-ware) From a historical funding record - **Jun 2013** Series A **Amount undisclosed** *1 returning* [Draper Nexus](https://millionrounds.com/fund/draper-nexus-venture-partners) From a historical funding record - **Mar 2013** Venture **$550K** *1 new* [Tony Hsieh](https://millionrounds.com/fund/tony-hsieh) From a historical funding record - **Jun 2012** Venture **$6.0M** *3 new* *1 returning* [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) [Rincon Venture Partners](https://millionrounds.com/fund/rincon-venture-partners) [Mitsui Global Investment](https://millionrounds.com/fund/mitsui-and-co-global-investment-ltd) [Draper Nexus](https://millionrounds.com/fund/draper-nexus-venture-partners) Reported by finsmes.com - **Feb 2011** Series A **$2.0M** *14 new* [Founder Collective](https://millionrounds.com/fund/founder-collective) [Lerer Ventures](https://millionrounds.com/fund/lerer-ventures) [Thrive Capital](https://millionrounds.com/fund/thrive-capital) [CrossCut Ventures](https://millionrounds.com/fund/crosscut-ventures) [Siemer Ventures](https://millionrounds.com/fund/siemer-ventures) [Rincon Venture Partners](https://millionrounds.com/fund/rincon-venture-partners) [Double M Partners](https://millionrounds.com/fund/double-m-partners) [Baroda Ventures](https://millionrounds.com/fund/baroda-ventures-llc) [Kortschak Investments L.P.](https://millionrounds.com/fund/kortschak-investments-l-p) [Matt Coffin](https://millionrounds.com/fund/matt-coffin) [Andy Rankin](https://millionrounds.com/fund/andy-rankin) [Walter Kortschak](https://millionrounds.com/fund/walter-kortschak) [Bill Budinger](https://millionrounds.com/fund/bill-budinger) [Alex Karelin](https://millionrounds.com/fund/alex-karelin) Reported by techcrunch.com ## Funding filed with regulators SHIFT filed 8 raises, $16M in all. Filings say how much was sold and to how many investors; they never name the investors. - Dec 2023 **$618K** debt Crowdfunding - Jul 2023 **$5.0M** other of $5.0M offered Crowdfunding - Apr 2023 **$1.2M** debt Crowdfunding - Jan 2023 **$1.5M** preferred stock of $4.0M offered Crowdfunding - Apr 2022 **$5.0M** common stock Crowdfunding - Feb 2022 **$1.1M** preferred stock of $1.1M offered Crowdfunding - Feb 2022 **$1.0M** preferred stock of $4.4M offered Crowdfunding - Oct 2021 **$575K** preferred stock of $1.1M offered Crowdfunding ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series B** 2015 **Series C** 2016 **Series D** 2019 **Venture** 2019 **Debt** 2022 **Debt** 2022 **Debt** 2025 **Seed** 2025 [Draper Nexus](https://millionrounds.com/fund/draper-nexus-venture-partners) [Middleland Capital](https://millionrounds.com/fund/middleland-capital) [Tony Hsieh](https://millionrounds.com/fund/tony-hsieh) [SV Angel](https://millionrounds.com/fund/sv-angel) [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) [Highland Capital Partners](https://millionrounds.com/fund/highland-capital-partners) [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) [Rincon Venture Partners](https://millionrounds.com/fund/rincon-venture-partners) [Bill Budinger](https://millionrounds.com/fund/bill-budinger) ## The exit Exit Buyer Price When Acquired Brand Networks $50M May 2015 From historical deal records. Wrong? [Tell us](https://millionrounds.com/corrections?slug=shift). ## Everyone who backed them [Draper Nexus](https://millionrounds.com/fund/draper-nexus-venture-partners) VC firm **3** rounds [Middleland Capital](https://millionrounds.com/fund/middleland-capital) VC firm **3** rounds [Tony Hsieh](https://millionrounds.com/fund/tony-hsieh) Angel **3** rounds [SV Angel](https://millionrounds.com/fund/sv-angel) VC firm **2** rounds [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **2** rounds [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) VC firm **2** rounds [Highland Capital Partners](https://millionrounds.com/fund/highland-capital-partners) VC firm **2** rounds [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) Investment firm **2** rounds [Rincon Venture Partners](https://millionrounds.com/fund/rincon-venture-partners) VC firm **2** rounds [Bill Budinger](https://millionrounds.com/fund/bill-budinger) VC firm **2** rounds [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [BoxGroup](https://millionrounds.com/fund/boxgroup) VC firm **1** round [Bossa Invest](https://millionrounds.com/fund/bossa-invest) VC firm **1** round [Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) Government **1** round [Citibank](https://millionrounds.com/fund/citi) Growth equity **1** round [DFJ](https://millionrounds.com/fund/dfj) VC firm **1** round [Founder Collective](https://millionrounds.com/fund/founder-collective) VC firm **1** round [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) Private equity **1** round [Peak XV](https://millionrounds.com/fund/peak-xv) VC firm **1** round [Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) VC firm **1** round [DN Capital](https://millionrounds.com/fund/dn-capital) VC firm **1** round [Fabrice Grinda](https://millionrounds.com/fund/fabrice-grinda) Angel **1** round [Fuel Ventures](https://millionrounds.com/fund/fuel-ventures) VC firm **1** round [Lerer Ventures](https://millionrounds.com/fund/lerer-ventures) VC firm **1** round [QueensBridge Venture Partners](https://millionrounds.com/fund/queensbridge-venture-partners) VC firm **1** round [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) Accelerator **1** round [Oryx Fund](https://millionrounds.com/fund/oryx-fund) VC firm **1** round [Thrive Capital](https://millionrounds.com/fund/thrive-capital) Accelerator **1** round [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) VC firm **1** round [CrossCut Ventures](https://millionrounds.com/fund/crosscut-ventures) VC firm **1** round [XG Ventures](https://millionrounds.com/fund/xg-ventures) VC firm **1** round [Siemer Ventures](https://millionrounds.com/fund/siemer-ventures) VC firm **1** round [DFJ Esprit](https://millionrounds.com/fund/dfj-esprit) VC firm **1** round [Double M Partners](https://millionrounds.com/fund/double-m-partners) VC firm **1** round [SNZ Holding](https://millionrounds.com/fund/snz-capital) VC firm **1** round [Mitsui Global Investment](https://millionrounds.com/fund/mitsui-and-co-global-investment-ltd) Corporate VC **1** round [Baroda Ventures](https://millionrounds.com/fund/baroda-ventures-llc) VC firm **1** round [Blue Cloud Ventures](https://millionrounds.com/fund/blue-cloud-ventures) VC firm **1** round [Kortschak Investments L.P.](https://millionrounds.com/fund/kortschak-investments-l-p) Family office **1** round [Andrew Boszhardt, Jr.](https://millionrounds.com/fund/andrew-boszhardt-jr) VC firm **1** round [Matt Coffin](https://millionrounds.com/fund/matt-coffin) Angel **1** round [Kevin Mahaffey](https://millionrounds.com/fund/kevin-mahaffey) VC firm **1** round [Andy Rankin](https://millionrounds.com/fund/andy-rankin) VC firm **1** round [Walter Kortschak](https://millionrounds.com/fund/walter-kortschak) VC firm **1** round [G2VP](https://millionrounds.com/fund/g2vp) VC firm **1** round [Alex Karelin](https://millionrounds.com/fund/alex-karelin) Angel **1** round [Henry McNamara](https://millionrounds.com/fund/henry-mcnamara) Angel **1** round [Zach Ware](https://millionrounds.com/fund/zach-ware) Angel **1** round BMW i Ventures/ DCM no record of our own yet **1** round Highland no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=shift). ## Quick answers about SHIFT ### Who invested in SHIFT? SHIFT's investors include Draper Nexus, Middleland Capital, Tony Hsieh, SV Angel and Goldman Sachs, and 48 more on record. ### How much has SHIFT raised? SHIFT has raised $344M across 17 rounds since 2011. 3 rounds did not disclose an amount, so the total is a floor. ### When did SHIFT last raise? SHIFT's most recent round was a Seed of $2.0M in Sept 2025. ### What was SHIFT's biggest round? SHIFT's largest round on record is $128M (Debt), in Apr 2025. ### Who backed SHIFT first? SHIFT's first round on record, in Feb 2011, was backed by Founder Collective, Lerer Ventures and Thrive Capital and 11 others. ### What stage is SHIFT at? SHIFT's latest named round is a Seed, in Sept 2025. ### Where is SHIFT based? SHIFT is based in the United States. ## Companies like SHIFT In the same sector, and raised in the last eighteen months. [**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Binance.US** $300M · Oct 2026](https://millionrounds.com/company/binance-us) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app