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Shyp confirms $50m funding round

April 22, 2015

Shyp, which offers to pick up, pack and ship packages for its users, has confirmed a $50 million funding round, led by Kleiner Perkins Caufield & Byers. Previous investors Homebrew and Sherpa Ventures also participated in the round, which according to the New York Times values the company at $250 million. “Shyp has transformed shipping, delighting its users with the easiest way to send and return items to anywhere in the world,” said John Doerr, General Partner, KPCB. “Kevin and the Shyp team are creating the first on-demand, friction-free shipping and logistics company. We’re thrilled to be a part of it.”

Personal finance startup CompareAsiaGroup has announced $40 million in funding led by the Goldman Sachs Investment Partners team. Jardine Pacific, Nova Founders Capital, ACE & Company, and Route 66 Ventures also participated. “This tremendous support and signal of confidence reinforces the belief in our mission to deliver transparency and choice to consumers while also giving partners an innovative new channel to reach the consumer,” says Gerald Eder, Co-Founder and Managing Director, CompareAsiaGroup. “We give the power back to consumers by increasing financial education, market transparency and country-wide access to financial products.”

ZIRX, an on-demand car services company, has closed a $30 million Series B financing round, led by Bessemer Venture Partners with participation from Norwest Partners and Trinity Ventures, among others.  The company will use the funds to expand into new markets. ZIRX has raised a total of $36.4 million to date. “ZIRX is genius. Who doesn’t hate circling for parking?” said Ethan Kurzweil, Partner, Bessemer Venture Partners. “The company has taken a task that is frustrating at best and often downright maddening – and made it a delightful, elegant, concierge-level experience. As the first multi-city on demand valet service, ZIRX has the one-two punch of great technology combined with impressive customer service that makes it hard to beat.”

Fashion marketplace Poshmark has raised $25 million in new funding from Mayfield, Menlo ventures, Investus Capital, Union Grove Venture Partners, Shea Ventures and SoftTech VC. The company has now raised $47.2 million to date. “The future of shopping blurs the line between inspiration, personal relationships and commerce. While traditional marketplaces have only buyers and sellers, Poshmark has pioneered an entirely new model that introduces a third role to empower and leverage our most valuable asset, our highly engaged community,” said Manish Chandra, founder and CEO of Poshmark.

 

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Filed Under: Finance, Investment Round Up, Startups

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