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Posts Tagged ‘economy’

Spotify CEO Daniel Ek pledges $1Bn of his wealth to back deeptech startups from Europe

At an online event today, Daniel Ek, the founder of Spotify, said he would invest 1 billion euros ($1.2 billion) of his personal fortune in deeptech “moonshot projects”, spread across the next 10 years. Ek indicated that he was referring to machine learning, biotechnology, materials sciences and energy as the sectors he’d like to invest ...

Interswitch to revive its Africa venture fund, CEO confirms

Pan-African fintech company Interswitch plans to fire up its corporate venture arm again—according to CEO Mitchell Elegbe—who spoke at TechCrunch Disrupt on Wednesday. The Nigerian founder didn’t offer much new on the Lagos-based firm’s expected IPO, but he did reveal Interswitch will revive investments in African startups. Founded by Elegbe in 2002, Interswitch pioneered the ...

Guitars reportedly cool again

Despite reports of their death in the Washington Post back in 2017, it appears that guitars are, in fact, still alive — and indeed, might even be cool once more. As The New York Times reports, in the aptly titled "Guitars are back, baby!" A half-year into a pandemic that has threatened to sink entire ...

Mulberry, the warranty service for direct to consumer brands, approaches $10 million ARR

In the two years since Chinedu Eleanya founded Mulberry to be the warranty service for direct-to-consumer brands, business has boomed.  Already riding a shakeup in consumer behavior brought by the emergence of startup brands selling just about everything to just about everyone, Mulberry brought a much-needed new spin on the warranty service that retailers had ...

Calling Madrid & Barcelona VCs: Be featured in The Great TechCrunch Survey of European VC

TechCrunch is embarking on a major new project to survey the venture capital investors of Europe. Our <a href=”https://forms.gle/k4Ji2Ch7zdrn7o2p6”>survey of VCs in Madrid & Barcelona will capture how the cities are faring, and what changes are being wrought amongst investors by the coronavirus pandemic. We’d like to know how your city’s startup scene is evolving, ...

What pandemic? Inside Boston’s scorching VC summer

Filled with innovation labs, co-working spaces and students, Boston has a ton of entrepreneurial characteristics baked into its DNA. However, when the coronavirus swept through the country, the area’s startup scene was stress-tested as badly as other entrepreneurial hubs. Could Boston’s startups still thrive without the city’s robust in-person ecosystems?  Last month, we answered this ...

LaunchNotes raises a $1.8M seed round to help companies communicate their software updates

LaunchNotes, a startup founded by the team behind Statuspage (which Atlassian later acquired) and the former head of marketing for Jira, today announced that it has raised a $1.8 million seed round co-led by Cowboy Ventures and Bull City Ventures. In addition, Tim Chen (general partner, Essence Ventures), Eric Wittman (chief growth officer, JLL Technologies), ...

Here are four areas the $311 billion CPPIB investment fund thinks will be impacted by COVID-19

The Canadian Pension Plan Investment Board, an asset manager controlling around $311 billion in assets for the Canada’s pensioners and retirees, has identified four key industries that are set to experience massive changes as a result of the global economic response to the COVID-19 pandemic. The firm expects the massive changes in e-commerce, healthcare, logistics, ...