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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

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One banks $40M to offer ‘all-in-one’ financial...

August 18, 2021

One, a startup that aims to bring “all-in-one banking” to the middle class, announced today that it has raised $40 million in a Series B round of funding. Progressive Investment Company (the insurance giant’s investment arm) led the round, which included participation from Obvious Ventures, Foundation Capital, Core Innovation Capital and others. The financing brings One’s total raised since its 2019 inception to $66 million. Since making its product generally available in September of 2020, Northern California-based One has...

Evervault’s ‘encryption as a service’ is now...

August 18, 2021

Dublin-based Evervault, a developer-focused security startup which sells encryption vis API and is backed by a raft of big name investors including the likes of Sequoia, Kleiner Perkins and Index Ventures, is coming out of closed beta today — announcing open access to its encryption engine. The startup says some 3,000 developers are on its waitlist to kick the tyres of its encryption engine, which it calls E3. Among “dozens” of companies in its closed preview are drone delivery...

MobileCoin closes on $66 million in equity...

August 18, 2021

MobileCoin, a cryptocurrency startup that counts founder Moxie Marlinspike of the encrypted messaging app Signal as its earliest technical advisor, has raised $66 million in Series B funding from a long list of investors. Among them is Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, Marc Benioff’s TIME Ventures, Vy Capital, and earlier backers General Catalyst and Future Ventures. The all-equity round brings the four-year-old, San Francisco-based company’s total funding to $107 million altogether, including a $30 million round...

Daily Crunch: Salesforce rolls out initial post-acquisition...

August 17, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for August 17, 2021. Today we have what struck us as the most interesting collection of startup news in some time. And we’re keeping an international perspective, diving into Brazil’s IPO market and — see below — fintech industry, while also looking at what’s ahead for Nigeria’s burgeoning startup industry....

As its startup market accelerates, Brazil could...

August 17, 2021

Brazil’s startup market is reaching new heights, and its domestic stock market could benefit from the boom. According to data from KPMG, Brazilian startups raised the most capital in a single quarter in Q1 2021, when some $1.4 billion flowed into domestic technology upstarts. That record stood until the second quarter of 2021 saw $2.7 billion raised by Brazilian startups. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter...

Branch raises $48M from Lee Fixel’s Addition,...

August 17, 2021

Branch, which has built a flexible workforce payments platform, announced today it has raised $48 million in Series B funding and closed on a $500 million credit facility. Lee Fixel’s Addition –– which has also backed the likes of Flipkart, Stripe and Coinbase – led the equity financing while the credit facility was secured in the form of purchased assets from funds managed by Neuberger Berman. Drive Capital, Crosscut Ventures, Bonfire Ventures, Matchstick Ventures, and HR Tech Investments LLC,...

Why fintechs are buying up legacy financial...

August 16, 2021

Oh, how the tables have turned. It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. But...

Twitter taps crypto developer to lead ‘bluesky’...

August 16, 2021

Twitter’s ambitious upstart decentralized social media working group “bluesky” took an important step Monday as the social media company appointed a formal project lead who will direct how the protocol develops moving forward. Crypto developer Jay Graber was tapped by Twitter to helm the initiative, which the company hopes will eventually create a decentralized social media protocol that a number of social networks including Twitter will operate on. The separate bluesky organization will operate independently but to date has...

Equity Monday: Hacks, IPOs and the next...

August 16, 2021

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here. I also tweet. It’s a surreal day to talk about technology, but here we are. If you can...

This Week in Apps: Google, TikTok add...

August 14, 2021

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per...

Resurrecting the humble business card, why going...

August 14, 2021

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here. Happy weekend, friends. I am writing to you on Friday afternoon after powering through a grilled cheese. But as I have a huge iced coffee on deck, we can dodge a food coma and get right to work. Today we’re talking...

Daily Crunch: 3 US Senators ask Amazon...

August 13, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for August 13, 2021. We made it to Friday, everyone. Congratulations! Despite it being the end of the week, we still have lots to talk about. Reddit taking on TikTok. Valuation changes in a key startup sector. And what it may really mean for a workplace to be apolitical. So...

Daily Crunch: Tiger Global leads $33M Series...

August 12, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for August 12, 2021. A few things to kick us off: First, the worlds of politics and technology are increasingly butting heads. We’re not talking about China or India (more here on the latter), though both countries have picked fights in recent months with tech firms foreign and domestic. This...

Embedded finance won’t make every firm into...

August 12, 2021

Eyal Lifshitz Contributor More posts by this contributor Banks and fintech in 2025: An unlikely alliance A short decade after software started eating the world, along came headlines about every company becoming a fintech thanks to innovation and growth in embedded finance business models. This narrative oversimplifies the evolution that’s happening in the financial services sector. Storing and moving money and extending credit in a regulated environment is difficult. And differentiating your offering from incumbent financial institutions requires much...

Crypto tax software provider TaxBit raises $130M...

August 12, 2021

Just five months after raising a $100 million Series A, TaxBit announced today it has raised $130 million in a Series B round of funding. The latest financing officially makes the Salt Lake City, Utah-based provider of crypto tax and accounting software a unicorn, with a valuation of $1.33 billion. It also brings the startup’s total raised to $230 million since brothers Austin and Justin Woodward founded the company with their cousin Brandon Woodward in 2017. IVP and Insight...

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