Shift One Closes Seed Funding
San Francisco: Sh1ft, Inc. (Shift One), today announced initial seed funding of $5.2 million, led by City Light Capital and JAM Fund.
Shift One 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.
“The labor market today is broken. The working class is hard-pressed to find their next steady job at a fair rate, and supply chains struggle to source the right workers to fulfill demand, especially in the last mile,” said Founder and CEO Jason Radisson. “Shift One is a new model that efficiently connects workers with rich employment opportunities while providing companies with ready-to-work teams without the traditional overhead. Our cutting-edge approach is a competitive advantage for companies and furthers our long-term goal of becoming the largest ethical source of labor and employment in the world.”
COVID-19 has created a host of new challenges for e-commerce and logistics businesses, as demand for last-mile planning and services has exploded. Companies lack the data and expertise to quickly source high-performing teams. Shift One offers an asset-lite way to flexibly scale local operational needs.
Equally important, Shift One’s solutions bridge a growing gap for workers otherwise left behind by the evolving workplace. The logistics industry employs nearly 10 million people in the United States alone. Consistent access to work and opportunities for growth are critical ways to erase roadblocks and address inequality in a rapidly changing employment environment.
Shift One’s funding will enable additional scaling of its technology solutions and fuel further geographic expansion. Leaders in one soon-to-launch market are excited about the local economic impact potential that accompanies a skilled, ready-to-work labor force.
