Shyft makes CEO appointment as funding round closes

Online moving marketplace Shyft Moving has appointed tech industry veteran Randal Meske as CEO.

His appointment follows the company securing U$16m in Series B funding. Munich RE Ventures and OurCrowd are among new investors in the business, with participation from existing investors Inovia Capital and Blumberg Capital.

Todd Simpson, General Partner at Inovia Capital, said: ‘We are excited that Randal is coming aboard to lead Shyft. His expertise and qualifications are perfectly suited to lead the company as it grows its partnerships, scales its solutions, and extends its ecosystem for the moving industry.’

Meske said: ‘I am thrilled to join the Shyft team for the company’s next phase of growth. I believe we have the team and technology to disrupt the relocation industry by replacing legacy tools with a holistic technology solution. We are focused on accelerating the modernisation of the moving industry and helping moving companies grow their business, while making it easier for individuals and families to move into their new homes.’

According to the company, it has already facilitated more than 300,000 moves with more than 800 moving companies and 220 corporations. It is continuing to build partnerships and agreements with relocation management companies, real estate companies and membership organisations.

Meske has leadership experience that includes roles at software as a service start-ups, and leading tech businesses IBM, Lotus, IHS Markit and Oracle.

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