Bessemer leads $60m series-C for Shift

Existing investors Accel, General Catalyst and Iris Capital also took part, bringing the total investment in the company to date to $100m.

The fresh capital will be used to support Shift's expansion in the US and Japanese markets, as well as ongoing R&D and product development.

Shift has more than doubled its headcount since its series-B in October 2017 from 90 employees to 200.

Previous funding
In May 2016, Accel invested $10m in a series-A round for Shift. Accel was joined by General Catalyst, Elaia Partners and Iris Capital in the $28m series-B in 2017.

Company
Shift was founded in 2014 and is headquartered in Paris. It provides fraud detection software on a subscription basis to more than 70 clients in 25 countries including Crédit Agricole Pacifica & Spirica, Liberty Mutual, the General Insurance Association of Singapore and the Hong Kong Federation of Insurers.

People
Shift Technology – Jeremy Jawish (CEO); David Durrleman (chief technology officer).

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• Topics
• Expansion
• France
• Technology
• France
• Venture
• Bessemer Venture Partners
• Iris Capital
• Accel Ventures