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Corporate relocation startup Shyft raises $15M

Shyft is announcing it has raised $15 million in Series A funding to become the inciting process less unpleasant — specifically in the situations where your employer is paying for the move.

Other startups are looking to offer concierge-type services for regular moving — I abused a service announced Moved last year and would prefer it. But Shyft co-founder and CEO Alex Alpert( who’s spent years in the moving business) told me there are no direct entrants focused on corporate relocation.

” Even at the highest levels, the process is totally jacked up ,” Alpert said.” We envisioned an opportunity to partner with corporations and relocation management companies to build a customized, tech-driven experience with more choices, greater flexibility and to be able to navigate the quoting process seamlessly .”

So when a company that uses Shyft decided to adopt migrate you — whether you’re a new hire or simply changing to a brand-new role — you should get an email prompting you to download the Shyft app, where it is possible chat with a” move coach” who navigates you through the process.

You’ll likewise be able to catalog the items you want to move over a video call and get estimations from movers. And you’ll receive moving-related offers from companies like Airbnb, Wag, Common, Sonder and Home Chef.

And as Alpert memorandum, Shyft too partners with more traditional relocation companionships like Graebel, rather than treating them as competitors.

Shyft screenshot

The company was originally called Crater and focused on building technology for creating accurate moving forecasts via video. It changed its list and its business framework back in 2018( Alpert recognise,” It wasn’t a very popular pitch in the beginning:’ Hey, we’re building estimation software for moving business .’ “), but these new technologies remains a crucial differentiator.

” Our engineering is within 95% accurate at identifying work and weight of the stir ,” he said.” When affecting firms know the information is reliable, they can bid unusually aggressively .”

As a make, Alpert said the employer benefits not just from having happier employees, but lower displacing costs.

The new funding, meanwhile, was led by Inovia Capital, with participation from Blumberg Capital and FJ Labs.

” There’s a total misalignment between transactional relocation services and the many logistical, social, and lifestyle needs that come with moving to a new municipality, ” Inovia partner Todd Simpson said in a statement. “As business shift towards more dispensed personnels and flair becomes accustomed to personalized suffers, the demand for a curated moving provide will continue to grow .”

Crater rebrands as Shyft to focus on serve global nomads displace

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