Shyp
| Company type | Private |
|---|---|
| Industry | Logistics |
| Founded | 2013 |
| Founder | Kevin Gibbon, Joshua Scott, Jack Smith |
| Defunct | March 2018 |
| Headquarters | San Francisco , United States |
Area served | United States (San Francisco, New York, Miami, Los Angeles, Chicago, Philadelphia) |
Key people | Kevin Gibbon (CEO) |
| Products | Pickup, packaging, and shipping solutions |
Number of employees | (reduced significantly in 2017; exact number not specified) |
Shyp was a United States-based logistics firm active from 2013 until 2018, specializing in pickup, packaging, and shipping solutions through USPS and several other leading carriers.
History
Originating in San Francisco, Shyp was founded by Kevin Gibbon, Joshua Scott, and Jack Smith. By 2017, the company had broadened its presence to include New York, Miami, Los Angeles, Chicago, and Philadelphia. Throughout its development, Shyp secured $62.1 million in venture funding, highlighted by a Series B investment led by Kleiner Perkins.
In 2015, the company expanded its technology offerings by releasing an Android application to complement its existing iOS app. That same year, Shyp introduced "Shyp Returns," a service allowing customers to send back merchandise purchased from retailers like Amazon, Target, and Nordstrom. Importantly, from 2015 onward, Shyp classified all delivery personnel as full-time employees instead of independent contractors.
Due to ongoing difficulties in achieving profitability, Shyp significantly reduced its workforce in 2017 and exited several primary markets including New York, Los Angeles, and Chicago. Ultimately, in March 2018, CEO Kevin Gibbon declared the company's full closure and the termination of all employees.