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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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Daily Crunch: Fastly CDN outage briefly takes...
June 8, 2021
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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. If you want to catch up on why the internet broke today, we have the story that you need. I suppose it’s nice to read that story without it being Amazon’s fault for once. Or Cloudflare. Now that we think about it, there are a lot of failure points for the internet. Today’s culprit, Fastly, went...

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Founders must show investors that sustainability is...
June 8, 2021
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Todd Klein Contributor Todd Klein is a partner at Revolution Growth, a VC fund that invests in growth-stage companies. During his 20-year career, Todd has been involved in financing and building over 150 venture and growth-stage companies in the media, consumer, technology, education and healthcare sectors. Ending years of debates over environmental sustainability, the United States officially declared a climate crisis earlier this year, deeming climate considerations an “essential element” of foreign policy and national security. After recommitting the...

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Daily Crunch: At Apple’s WWDC 2021 keynote,...
June 7, 2021
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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. Today was the kickoff of Apple’s developer conference, WWDC, meaning that the TechCrunch crew was super busy all day and that we have an ocean of news from Cupertino for you to enjoy. But the startup market was just as busy, thankfully, with some fascinating funding rounds, acquisitions and more to parse through. Today we have...

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YC-backed Ziina raises $7.5M seed led by...
June 7, 2021
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Cash is the predominant method of sending and receiving payments in the Middle East. If you owe someone a cup of coffee or a trip over a long period, repaying via cash is your best bet. This is one problem out of many financial issues that haven’t been addressed in the region. The good news is that startups are springing up to provide solutions. Last month Telda, a now two-month-old startup in Egypt, raised an impressive sum as pre-seed...

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Not every SPAC is pure garbage
June 5, 2021
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Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Happy Saturday everyone. Despite it being a short week I feel pretty run over from the sheer news volume that we’ve put up with in the last few days. So...

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This Week in Apps: WWDC Prep, F8...
June 5, 2021
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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...

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Emergence’s Lotti Siniscalco and Retail Zipline’s Melissa...
June 4, 2021
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For all that’s said about fundraising and working alongside investors, rarely do we get to see founders and their investors in candid conversation with one another. Extra Crunch Live is changing that. On the weekly live show, we sit down with founders and the VCs who funded them to talk about how they came together on the deal, what stood out about the other party that led to their commitment and how they operate today. We also (usually) take...

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Rebranded Toyota Ventures invests $300 million in...
June 4, 2021
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Toyota AI Ventures, Toyota’s standalone venture capital fund, has dropped the “AI” and is reborn as, simply, Toyota Ventures. The fund is commemorating its new identity by investing an additional $300 million in emerging technologies and carbon neutrality via two early-stage funds: the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund.  The introduction of these two new funds, each worth $150 million, brings Toyota Ventures’ total assets under management to over $500 million. With the new capital...

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Architect Capital brings alternative capital to the...
June 3, 2021
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Early-stage startups are increasingly looking for alternative ways to access capital, meaning not every company wants to raise money from VCs or take on debt. In recent years, a flurry of startups have emerged to give companies other options. (Think Pipe, for example.) And today, San Francisco-based Architect Capital is a new firm that is launching with over $100 million in funds to serve as an “asset-based lender” to “high-growth,” early-stage tech companies. Specifically, the new firm aims to...

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Investors race to win early-stage startup deals...
June 3, 2021
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India may be grappling with the second wave of the coronavirus, rising unemployment, and a dwindling economy, but the South Asian nation’s burgeoning startup ecosystem has never had it better. High-profile investors in India have long aggressively chased growth-stage, and late-stage deals, pouring record amounts of capital into the country. But in a sign of the growing investor bullishness regarding Indian startups, even early-stage companies that have largely been bereft of much similar attention in recent years are now...

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Tuesday Capital, formerly Crunchfund, casts a wide...
June 3, 2021
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Tuesday Capital, a 10-year-old seed-stage fund that was founded by longtime VC Patrick Gallagher and TechCrunch founder Michael Arrington, has changed considerably over the years. Arrington now leads a crypto hedge fund. Tuesday was formerly known as Crunchfund. Gallagher now runs the outfit with partner Prashant Fonseka, who joined the fund in 2015 as an associate. Tuesday has also formed a deep relationship over the years with the industrial design shop Frog Design, which is a limited partner in...

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Daily Crunch: Spotify’s new ‘Only You’ feature...
June 2, 2021
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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 June 2, 2021. It’s a good day in the tech world because former unicorn Spotify is out with new features about you. Yes, the company is taking its yearly listening review to a midyear format and packing its app with even more personalized mixes. My playlists are why I...

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What $10M in daily thefts tells us...
June 2, 2021
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Andrew Shikiar Contributor Andrew Shikiar is the executive director and CMO of FIDO Alliance. If you’re among the growing number of people interested in cryptocurrencies, you may be interested to know that nearly 7,000 people lost more than $80 million between October 2020 and March 2021 — a 1,000% increase from a year ago, according to the Federal Trade Commission. The scams include fake currency exchanges and phony “investment” websites selling the currency. More recently, more than $10 million...

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Reading the IPO market’s tea leaves
June 2, 2021
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Although it’s a truncated holiday week here in the United States, there’s been a bushel of IPO news. This morning, we’re going to sort through the updates and come up with a series of sentiment calls regarding these public offerings. The Exchange explores startups, markets and money.  Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. Here’s what’s in our basket of news items this morning: Marqeta‘s first IPO price range (fintech). 1st Dibs‘...

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Jeeves emerges from stealth with $131M in...
June 2, 2021
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Jeeves, which is building an “all-in-one expense management platform” for global startups, is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100 million in debt financing.  The $31 million in equity consists of a new $26 million Series A and a previously unannounced $5 million seed round. Andreessen Horowitz (a16z) led the Series A funding, which also included participation from YC Continuity Fund, Jaguar Ventures, Urban Innovation Fund, Uncorrelated Ventures, Clocktower...

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