Sources: Shyp Is Raising $50 Million At A $250 Million Valuation

Sony Is Buying OnLive’s 140 Cloud Gaming Patents And Other Tech, OnLive To Close April 30Shyp allows its users to take a photo of an item they want to ship, and then sends someone to pick up the item and deliver it. Shyp packs the item and determines which carrier will be cheapest and most reliable. The whole process costs $5, plus postage, making it one of the cheapest and easiest options out there for shipping anything.Prior to this round, Shyp had raised a total of $12.1 million, including a $10 million round in July last year. The previous round was led by Shervin Pishevar and Scott Stanford’s SherpaVentures. For a startup like Shyp, extra capital helps to expand to new cities — it’s currently available in Miami, New York and San Francisco.
According to one of our sources, Kleiner Perkins may be leading the funding round.
Related ArticlesShipping Startup Shyp Raises $10M Led By SherpaVentures, Plans Expansion To New York CityShyp Raises $2.1M To Pick Up And Ship Your StuffShyp Brings Its On-Demand Shipping App To Android
Earlier this year, Shyp released its Android app and in March launched a service that helps users return goods that they purchased online.
Shyp isn’t the only hot app centered around on-demand delivery and logistics. Postmates is expected to raise $35 million, according to one of our earlier reports. Instacart, an app that lets users order groceries and delivers them, raised $210 million in December. And Uber has also been toying with on-demand services.
A representative from Shyp declined to comment. A representative from Kleiner Perkins did not respond to a request for comment.

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On The Way To An IPO, Education Technology Startup Instructure Is Close To Raising A Big New Round

Education technology company Instructure has raised a big new round on its way to an initial public offering later this year, according to several sources familiar with the company’s plans.

We’ve heard rumors from multiple sources that the cloud-based K-12 and higher education platform is raising between $50 to $70 million in Series E funding, while one source put the low end of the range at over $40 million.

The maker of the Canvas learning management system and the Canvas network MOOC platform has taken on the online education tech giant Blackboard since its launch in 2011. Both Blackboard and Canvas offer online educational platforms for the scholastic set.

Blackboard, which launched in 1997, still claims to have the corner on the virtual learning market serving just over half

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500 Startups Is Raising A $10M Fund In Thailand To Increase Its Focus On Asia

500 Startups, the U.S. startup investor/accelerator with a reputation for backing startups across the world, is deepening its efforts in Asia with a new $10 million micro-fund for Thailand. The organization launched a $10 million fund for Asia

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