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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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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...

Hear how Cityblock Health’s Toyin Ajayi, Carbon...

August 11, 2021

If there’s one thing that the ongoing COVID-19 crisis has proven, it’s that the healthcare system in the U.S. is in drastic need of major transformation. One of the biggest issues to be highlighted by the pandemic in particular is the iniquity in access to care, but there are signs that one of the effects of COVID-19 will be a stepping up of accessibility reform driven in particular by technology. At Disrupt 2021, we’re thrilled to have three guests...

Austin transplant Geoff Lewis wants to pop...

August 11, 2021

Austin has made headlines over the past year for a number of reasons: It’s home to Oracle’s new headquarters. Tesla is building a massive gigafactory in the Texas capital. And people, mostly tech workers, are leaving the Bay Area in droves to settle in the city, driving up home prices in the process. It’s not just tech workers. A number of venture capitalists have set up shop in Austin, including Jim Breyer of Breyer Capital and Palantir co-founder Joe...

Pave gets Y Combinator to back better...

August 10, 2021

Pave, a San Francisco-based startup that helps companies benchmark, plan and communicate compensation to their employees, has raised a $46 million Series B. YC Continuity led the round, which also saw participation from Andreessen Horowitz and Bessemer Venture Partners. The round comes eight months after Pave closed a $16 million Series A round. Today’s financing puts Pave’s valuation at $400 million, up from $75 million one year ago. Pave launched with an ambitious goal: Can it measure pay across...

Daily Crunch: Apple’s head of Privacy addresses...

August 10, 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 10, 2021. Today we have all sorts of goodies for you: Apple’s privacy stance, cannabis tech, even some crypto-focused items. Please enjoy. Also note that Salesforce’s Kathy Baxter is coming to TC Sessions: SaaS to talk AI, which is going to be a hoot. — Alex The TechCrunch...

Jerry raises $75M at a $450M valuation...

August 10, 2021

Just months after raising $28 million, Jerry announced today that it has raised $75 million in a Series C round that values the company at $450 million. Existing backer Goodwater Capital doubled down on its investment in Jerry, leading the “oversubscribed” round. Bow Capital, Kamerra, Highland Capital Partners and Park West Asset Management also participated in the financing, which brings Jerry’s total raised to $132 million since its 2017 inception. Goodwater Capital also led the startup’s Series B earlier...

Venmo to allow credit card holders to...

August 10, 2021

PayPal-owned Venmo is expanding its support for cryptocurrency with today’s launch of a new feature that will allow users to automatically buy cryptocurrency using the cash back they earned from their Venmo credit card purchases. Unlike when buying cryptocurrency directly, these automated purchases will have no transaction fees associated with them — a feature Venmo says is not a promotion, but how the system will work long term. Instead, a cryptocurrency conversion spread is built into each monthly transaction....

Everyone wants to fund the next Coinbase

August 10, 2021

In celebration of Coinbase’s earnings report today, investors poured a mountain of cash into one of the company’s global competitors. I’m kidding, of course, but today really is Coinbase’s earnings day, and private investors really did just push $210 million into another exchange. The company, FalconX, is now worth $3.75 billion. As Bloomberg notes, that’s a 5x valuation jump in less than half a year. FalconX raised a smaller $50 million round in March, notably in part from Coinbase...

Daily Crunch: Bangalore-based UpGrad becomes India’s newest...

August 9, 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 9, 2021. We are ever so glad that you are here. We have global startup news for you, rocket news, car-rental IPO news and more. And if you are a student, we even have Extra Crunch discounts for you. Call it a technology and money smorgasbord. All in...

The China tech crackdown continues

August 9, 2021

The Chinese government’s crackdown on its domestic technology industry continues, with Tencent under fresh pressure despite the company’s efforts to follow changing regulatory expectations. News broke over the weekend that Beijing filed a civil suit against Tencent “over claims its messaging-app WeChat’s Youth Mode does not comply with laws protecting minors,” per the BBC. And NetEase, a major Chinese technology company, will delay the IPO of its music arm in Hong Kong. Why? Uncertain regulations, per Reuters. The Exchange...

Canopy raises $15M Series A after posting...

August 9, 2021

Canopy Servicing announced this morning it recently closed a $15 million Series A. The startup sells software to fintechs and others, allowing customers to create loan programs and service the resulting products. The company raised a $3.5 million seed round in 2020. Canaan led its Series A, with participation from Homebrew, Foundation and BoxGroup, among others. Per Canopy, its valuation grew by 5x from its seed round to its Series A. The company has raised $18.5 million to date....

Wannabe ‘social bank’ Kroo swerves VCs to...

August 9, 2021

Launched in February 2019, Kroo, the London-based consumer-facing fintech raised some seed funding last year for its prepaid card service which claims to offer more ‘social features’ in its drive towards offering full-blown banking services. Kroo’s pitch is that it removes friction from financial interactions with friends and family, and throws in some environmental initiatives as well, such as tree planting. It’s now raised $24.5 million (£17.7 million) in a Series A funding round led by Rudy Karsan, a...

Moove raises $23M to create flexible options...

August 9, 2021

Africa is home to more than a billion people where a majority have limited or no access to vehicle financing. In fact, the continent has the lowest per capita vehicle ownership in the world. In 2019, Africa had fewer than 900,000 new vehicle sales. The U.S. sold more than 17 million new cars that same year. In Nigeria, owning a car is a luxury very few people can afford. It is a similar case across Africa where car owners...

This Week in Apps: In-app events hit...

August 7, 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...

Crypto community slams ‘disastrous’ new amendment to...

August 6, 2021

Biden’s major bipartisan infrastructure plan struck a rare chord of cooperation between Republicans and Democrats, but changes it proposes to cryptocurrency regulation are tripping up the bill. The administration intends to pay for $28 billion of its planned infrastructure spending by tightening tax compliance within the historically under-regulated arena of digital currency. That’s why cryptocurrency is popping up in a bill that’s mostly about rebuilding bridges and roads. The legislation’s vocal critics argue that the bill’s effort to do...

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