economy

Will AI automate human jobs, and — if so — which jobs and when? That’s the trio of questions a new research study from MIT’s Computer Science and Artificial Intelligence…

New MIT CSAIL study suggests that AI won’t steal as many jobs as expected

As fintechs become more efficient, so too do fraudsters. “Faster instant payments mean faster fraud,” Sardine CEO and co-founder Soups Ranjan told TechCrunch. That’s the thesis behind his startup, which…

Sardine raises $51.5M led by a16z to sniff out fishy fintech transactions

Web Summit, one of the world’s largest events centered around technology startups, is to launch a brand-new venture capital vehicle consisting of two new funds, TechCrunch understands. The move follows…

Sources say Web Summit Ventures will be a new $40M follow-on fund

Swiftly’s technology taps into that online shopping experience to make shopping at a brick-and-mortar store just as engaging and easy.

Retail tech startup Swiftly valued at $1B after bagging another $100M

OurCrowd, the global crowdfunding venture firm, today announced its newest fund. As the organization announced at today’s Clinton Global Initiative event in New York, it is partnering with the WHO…

OurCrowd announces its new $200M Global Health Equity Fund

It provides identity management and protection for financial services, banking and consumer apps.

Fintech app Portabl raises $2.5M to help consumers securely store financial data

A significant number of companies are following popular advice to try and break even, but the sad truth is that this is probably the worst possible advice for most startups…

‘Just break even’ may be the worst possible advice for startups in turbulent times

LMAX Group CEO David Mercer said institutions are unfazed by crypto assets continuing to trade far below all-time highs.

Institutions investing in crypto haven’t ‘wavered one inch,’ LMAX CEO says

Meltem Demirors hasn’t just been working in crypto for seven years — she’s been shaping its trajectory. Demirors, chief strategy officer at publicly traded European…

Meltem Demirors on why society isn’t ready for a crypto-driven revolution yet

Maven, co-founded by Udemy’s Gagan Biyani and AltMBA’s Wes Kao, began in 2020 with a startup idea that perfectly combined two booming sectors: the creator economy and edtech. The startup…

Maven’s a16z-backed live learning platform pivots from creators to experts

KKR & Co. is tokenizing a part of one of its private equity funds — a step that may provide institutional private market strategies to more individual investors.

KKR dives into Avalanche blockchain to tokenize and ‘democratize’ financial services

TechCrunch understands Runa Capital, which launched in 2010, has raised $55 million toward its fourth fund, aiming for a target of $250 million. The company is declinging to comment. However,…

Runa Capital kicks off new fund as it joins the VC ‘Scramble for Europe’ by moving to Luxembourg

The wheels of global commerce continue to turn, through wars, pandemics and economic downturns; and today a startup taking a new tech approach to improve the workings of one of…

Xeneta makes a splash with $80M on a $265M valuation to scale its crowdsourced sea and air freight analytics

Rather than the main focus being on the next funding round, founders have the opportunity to reprioritize and rebuild. Funds can do that, too.

Funds can no longer just be a source of capital

The days of European startups relocating to the U.S. if they want to grow (and raise money to do so) have been receding in the rearview mirror for a while…

Stockholm’s EQT Growth closes $2.2B to fund scaling European startups like Vinted, Mambu and Epidemic Sound

The first half of 2022 broke fundraising records at VC firms, but everyone we spoke to expected fundraising to slow by the end of the year. While it is slowing…

VC fundraising gets weird as autumn nears

Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the…

Crypto’s biggest powerhouse flexes on its competition

Today’s weather may be harsh, but the next phase of cyrpto is coming. Those who can inspire regulatory confidence will be better positioned to be on its leading edge.

Want to survive the crypto winter? Start by inspiring regulatory confidence

It’s not just a feeling: geopolitical risk has been higher than usual in recent years, and for businesses with supply chain operations spanning the world, these risks are hard to…

The weakest link: Charting supply chain risk in an era of globalization

As long as infrastructure providers are able to specialize to address the pain points of their customers, they can be an asset to any market they serve.

To reach fintech’s next level, infrastructure providers must address these pain points

The company is able to underwrite online businesses in less than 48 hours and provides facilities for funding up to 80% of an acquisition under a flexible, revenue-based schedule.

Boopos adds to its small business M&A lending pot with new investment

Beginning with the first company I co-founded 25 years ago and continuing through the second company I co-founded 15 years ago, I raised over $100M from top-tier VCs.

How to fundraise a Series A

TechCrunch Live is hosting a special, extended event focused on the great city of Minneapolis, Minnesota on September 7. I hope you can join us. We have an agenda packed…

Meet the judges for the Minneapolis TechCrunch Live pitch-off

Web3 companies that have managed to make it this far need to prioritize not only their survival, but also how to convince their communities and investors that they will survive.

How to communicate with your crypto community when things aren’t going well

Progress in the amount of venture capital funding raised by companies by all-women teams has been slow and daunting, if steady.

A look at progress toward venture equity this Women’s Equality Day

It wasn’t easy to close the shutters on a business I really believed in. But I knew I could start again if I was willing to learn from my mistakes…

Learning from my failures: Lessons from a 2-time founder

There is a lot a company needs to do to succeed with a PLG strategy, and hiring product managers is not enough — neither can it be the first step.

To bring PLG to cybersecurity, let’s change our hiring habits

PayPal is expanding further into the charitable donations business with this morning’s launch of support for Grant Payments, the company has announced. The new product has been created in partnership…

PayPal debuts ‘Grant Payments’ to shift charitable giving from paper checks to electronic transfers

Ethereum layer-two scaling platform Polygon raised $450 million earlier this year in its first major financing round. Now, the protocol’s co-founder Sandeep Nailwal is launching another project, he told TechCrunch…

Polygon founder raises $50M for emerging markets-focused web3 venture fund

Identity governance and administration (IGA) — that’s probably not something you think of every waking hour of your day, but somebody on your IT team probably is.

BalkanID brings AI to identity governance and administration to take on SailPoint