Paris-based Breega closes €250M fund, opens Barcelona office to back Iberian startups
Paris-originated VC Breega wasn’t enormously well-known in the VC world (it only closed its 1st fund in 2015) until, perhaps, it started attracting attention with its second €110 million Seed fund, just under a year go. It’s portfolio now includes a number of scale-ups including Moneybox, Cuvva, Co…
Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inbox every Thursday by subscribing on TechCrunch’s newsletter page. crash redux We’ve talked cr…
Bitcoin falls below $20,000 and Ethereum sinks past $1,000 as crypto market free fall continues
The crypto market suffered one of its most dramatic selloffs in years this week as the prices of top cryptocurrencies declined as much as 35% week-over-week as fears of a broad economic recession intensified. On Saturday, the total global market cap of cryptocurrencies sank below $850 billion as to…
Brex leaving adrift some SMB customers roils corporate spend market
Given how competitive the corporate spend world has proved, Brex has kicked off an interesting strategic conversation in the well-funded fintech startup niche. Let’s talk about it.
What the wave of layoffs says about the value of crypto exchanges
How could companies like Coinbase, which reported massive growth and huge profits last year, now be in a position where they would need to slash staffing?
Walmart is acquiring Memomi, an AR startup powering virtual try-on for eyewear
Walmart is expanding its array of virtual try-on services for shoppers with today’s news that it’s planning to acquire Memomi, an AR optical tech company and current Walmart partner offering virtual try-on experience for eyewear. Deal terms were not disclosed, but Memomi has enabled dig…