A New Way to Work: Shift One Closes Seed Funding
– Shift One closed a $5.2m seed funding round led by City Light Capital and JAM Fund.
– The company was founded in 2019 by former Uber executives to address two fundamental challenges of the labor economy: the lack of a robust online marketplace for blue-collar jobs and a technology solution for companies looking to hire those workers.
– The company currently employs more than 25,000 workers and offers solutions in all 50 states and Latin America.
– Initially focusing on push-button solutions to quickly deploy entire teams of workers for last-mile logistics and delivery, e-commerce fulfillment and large-scale event management, Shift One is redefining the gig economy to build sustainable, long-term careers for workers and capital-efficient solutions for companies.
E-Commerce Fulfillment Company ShipMonk Raises $65 Million
– ShipMonk is a leading provider of e-commerce fulfillment and technology solutions.
– The company raised $65m in growth equity from Periphas Capital.
– ShipMonk’s total funding exceeds $365m, including previous funding from SJF Ventures, Grotech Ventures and Supply Chain Ventures.
Time-Critical Logistics Company Airspace Raises $38 Million
– Airspace is a technology platform revolutionizing time-critical logistics.
– The company raised $38m in Series C funding.
– Telstra Ventures and HarbourVest Partners led the round.
– Other participants in the round include return backers Scale Ventures, Defy Partners, Qualcomm Ventures, and Prologis Ventures.
– Including this round, the company has secured a total of over $70m through 3 funding rounds.