Start-up aiming to disrupt shipping raises $50 million

April 21, 2015 3:19 PM

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Start-up aiming to disrupt shipping raises $50 million

Start-up Shyp has raised $50 million in a round of funding led by venture capital firm Kleiner Perkins Caufield & Byers, bringing its total funding to date to $62.2 million, the company said Tuesday.

San Francisco-based Shyp is the latest start-up aiming to upend an existing, and hugely profitable, business, in this case the $300 billion shipping industry.

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