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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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This Week in Apps: Poparazzi hype, Instagram...

May 29, 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...

6 investors and founders forecast hockey-stick growth...

May 29, 2021

Scotland is slowly but surely drawing attention in the UK’s startup space. In 2020, Scottish startups collectively raised £345 million, according to Tech Nation, and with nearly 2,500 startups, it has the highest number of budding tech companies outside London. Venture capital fundraises are also consistently on the rise every year. Scotland’s capital Edinburgh boasts a beautiful, hilly landscape, a robust education system and good access to grant funding, public and private investment. It’s also one of the top...

Goldman Sachs leads $45M investment into auto...

May 28, 2021

MotoRefi has raised another $45 million in a round led by Goldman Sachs just five months after investors poured $10 million into the fintech startup to help turbocharge its auto refinancing business. The startup developed an auto refinancing platform that handles the entire loan process, including finding the best rates, paying off the old lender and re-titling the vehicle. MotoRefi says using its platform saves consumers an average of $100 a month on their car payments, a goal achieved...

Middle East and Africa will reap benefits...

May 28, 2021

Nuwa Capital, a venture capital firm based in Dubai and Riyadh, announced the first close of its $100 million NVFI fund in February. The close was three-quarters of the target and was done in less than a year following the firm’s launch in February 2020. According to the firm, the second close should be concluded by the end of this year or Q1 2022. Founded by partners Khaled Talhouni, Sarah Abu Risheh and Stephanie Nour Prince, Nuwa primarily targets markets...

Penfold closes $8.5M to provide a full...

May 28, 2021

Penfold, a startup that offers a full stack pension in a smartphone app, has closed a $8.5 million (£6m) funding round, $4M of which was from a crowdfunding campaign. The company is now approved by the FCA to operate a pension itself rather than relying on third parties, and is aimed at freelancers who rarely save. The round was led by Bridford Group, the Family Office of Jorg Mohaupt, allegedly the only Angel investor in Adyen. Alan Morgan of...

Brazilian proptech startup QuintoAndar lands $300M at...

May 28, 2021

Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region. Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today, the São Paulo-based proptech has announced it has closed on $300 million in a Series E round of funding that values it at an...

Daily Crunch: Saving-investing app Acorns files to...

May 27, 2021

Hello and welcome to Daily Crunch for Thursday, May 27. From the home desk, TechCrunch has a few notes to share. First, we’re hosting a virtual meetup in Pittsburgh as part of our national tour spotlighting neat startup markets. And if you are a super early-stage founder, you can still apply to take part in the upcoming Battlefield competition at Disrupt. Do it. It’s going to be a blast. See you at both! — Alex The TechCrunch Top 3...

Orbiit raises seed funding to automate the...

May 27, 2021

Orbiit, a startup that automates the interactions within an online community, has raised a $2.7 million round led by Bread and Butter Ventures, with participation from new investors High Alpha Capital, LAUNCHub Ventures and Company Ventures. Existing investors Founders Fund, which led Orbiit’s $1 million pre-seed round, Acceleprise and other angels also participated. The capital will be used to build out the Orbiit product and engineering team. Orbiit says its platform handles the communications, matching, scheduling, feedback collection and...

Acorns’ SPAC listing depicts a consumer fintech...

May 27, 2021

Another day, another unicorn public offering. Today it’s Acorns, a consumer fintech service that blends saving and investing into a freemium product. It’s a company that TechCrunch has covered extensively since its birth, including through the pandemic’s impact on its business, both good and bad. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. Acorns fits inside the larger savings-and-investing boom seen over the last four or...

Homeward secures $371M to help people make...

May 27, 2021

Trying to buy a house in a competitive market is perhaps one of the most stressful things an adult can go through. Competing with a bunch of people all putting offers on a house that fly off the market in a matter of days is not fun. One startup that is trying to give home buyers a competitive edge by giving them a way to offer all cash on a home has just raised a boatload of money to...

Daily Crunch: In $8.45B deal, Amazon to...

May 26, 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 Wednesday, May 26. Yes, we’re going to get to the huge Amazon-MGM deal, but we have to chat about a startup first. Have you heard of Poparazzi? If you have kids you might have — it’s the latest social phenom. And it just ran its way up to the...

African fintech OPay is reportedly raising $400M...

May 26, 2021

Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The fundraising is coming two years after OPay announced two funding rounds in 2019 — $50 million in June and a $120 million Series B in November. The $170 million raised so far came from mainly Chinese investors who have collectively begun to bet big on African startups over the past few years. Some of them include SoftBank, Sequoia Capital...

Blockchain startup Propy plans first-ever auction of...

May 25, 2021

We previously wrote about Propy using blockchain technology to smooth real-world real estate sales by introducing the concept of smart contracts. Propy was the first blockchain startup to make that work. Now the company is pushing the boundaries again, by auctioning a real apartment as an NFT. Although one might want to brush this aside as a stunt, the event is designed to make the point that it could well be done legally. And, by golly, they are going...

AcuityMD raises $7M to better track the...

May 25, 2021

In a world defined by tons of noise and little signal, startups that make it easier for consumers to make a choice just make sense. Career Karma helps students pick a tech bootcamp, Stackin’ helps millennials navigate the world of neobank and savings apps, and a new Boston-based company is helping doctors keep track of the most up-to-date medical devices on the market. AcuityMD, founded in 2019 by Mike Monovoukas, Lee Smith, and Robert Coe, is an enterprise software...

Daily Crunch: Police search 2 Twitter offices...

May 24, 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. Welcome back to Daily Crunch. It’s Monday, May 24, and all I can think about is how much I want a Surface Duo now that it can do two-screen gaming. And one of those new iMacs. I don’t need either, of course, but that doesn’t stop my coveting both of the gadgets. Alas. Regardless, it was...

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