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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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SoftBank bets big on a ‘digital Ellis...

April 21, 2021

Welcome Tech, which has built a digital platform aimed at immigrants and their families, has raised $35 million in a Series B funding round co-led by TTV Capital, Owl Ventures and SoftBank Group Corp.’s SB Opportunity Fund. Crosscut Ventures, Mubadala Capital, Next Play Capital and Owl Capital also participated in the financing, which brings the Los Angeles-based company’s total raised to $50 million since its 2010 inception. Welcome Tech, which has an office in San Antonio, Texas, raised an...

Expenses startup Pleo preps $100M Series C...

April 21, 2021

Late-stage Fintech startup Pleo, which offers expense management tools and ‘smart’ company Mastercards, says it plans to raise a Series C round of funding this summer. It’s also launching a B2B bill payments service this week. Co-founder and CEO Jeppe Rindom told me via a call: “We have money until 2022, but we’ve seen incredible momentum in the past couple of quarters, and we are getting a lot of inbound interest so we will be fundraising a Series C...

Daily Crunch: Apple announces a new iPad...

April 21, 2021

Apple announces new devices, Amazon opens a hair salon and Venmo adds cryptocurrency support. This is your Daily Crunch for April 20, 2021. The big story: Apple announces a new iPad Pro and much more Apple revealed a bunch of new products at its press event today. As expected, there’s going to be a new iPad Pro that’s supposed to represent a 50% performance increase over the previous model, with pricing starting at $799 for an 11-inch model. In...

Alphabet’s CapitalG leads $40 million round in...

April 20, 2021

Community banks and credit unions aim to be the heart of the, well, communities, they serve. But without the big budgets of larger institutions, keeping up technology-wise can be a challenge. And not only are they competing with legacy players, there is also a slew of digital banks that have emerged in recent years, as well. Enter MANTL, a startup that has developed technology to make it easier for people to open accounts digitally at community banks and credit...

Chargebee valued at $1.4 billion in new...

April 20, 2021

A startup that enables businesses to set up and manage their billing, subscription, revenue operations and compliance has become the newest firm to earn the much coveted unicorn status. Chennai and San Francisco-headquartered Chargebee said on Tuesday it has raised $125 million in its Series G financing round led by Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners. The new financing round valued the 10-year-old startup at $1.4 billion, a 3x increase since the Series F...

Payhawk raises $20M to unify corporate cards,...

April 19, 2021

Fintech startup Payhawk has raised a $20 million funding round. QED Investors is leading the round with existing investor Earlybird Digital East also participating. Payhawk is building a unified system to manage all the money that is going in and out. Essentially, companies switching to Payhawk can replace several services they already use and that didn’t interact well with each other. Payhawk lets you issue corporate cards for your employees, manage invoices and track payments from a single interface....

Daily Crunch: Facebook announces new audio products

April 19, 2021

Facebook reveals its Clubhouse competitor, Parler will return to Apple’s App Store and a helicopter flies on Mars. This is your Daily Crunch for April 19, 2021. The big story: Facebook announces new audio products Yes, these products include new Clubhouse-style Live Audio Rooms, as well as the ability for podcasters to share long-form audio, some new Spotify integration and a shorter format called Soundbites. Facebook is starting off by testing Live Audio Rooms in Facebook Groups. “When we...

These three investors think founders need some...

April 19, 2021

Venture capital is a networks business — from networks of founders to the web of investors and angels and gossamer threads of potential customers, talent and service providers. The density of those networks determines success: Find just the right person to fit a role or a slot on a cap table, and a startup might just get a bit more lift. It’s a topic that Casey Caruso has thought a lot about. In a research project at Stanford, she...

Tyltgo’s same-day delivery platform lets small businesses...

April 19, 2021

Tyltgo wants to make it easier for restaurants and small businesses to compete with same-day delivery services offered by the likes of Amazon and HelloFresh. The Canadian company, which recently raised CAD $2.3 million (USD $1.8 million) in a seed round, is akin to a white label Uber Eats, providing businesses an on-demand delivery platform under their own branding that connects them to gig economy couriers. “I think about us as a post-purchase experience company,” co-founder and CEO Jaden...

The Station: A chat with Scale AI’s...

April 19, 2021

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. Just as I was getting ready to ship this newsletter, I spotted that there was a fatal crash involving...

India’s Razorpay raises funds at $3 billion...

April 18, 2021

Six-year-old Bangalore-based fintech Razorpay topped a $1 billion valuation late last year, becoming the first Y Combinator-backed Indian startup to reach the much sought after unicorn status. In less than six months since, the Indian startup has tripled its valuation and is preparing to launch in the Southeast Asian markets. Razorpay said on Monday it has raised $160 million in its Series E financing round that valued the startup at $3 billion, up from “a little over” $1 billion...

What does it take to create a...

April 17, 2021

Say it louder for the people in the back: As tech grows bigger by the minute and venture capital adds dollar signs by the day, a startup hub’s success is not an either/or situation. The next Silicon Valley is a tired narrative, when in reality startups look, innovate and create differently all over the world. On that note, my colleagues spent the past few months digging into the market in Detroit, Michigan: While StockX is the startup darling that...

This Week in Apps: A surprising report...

April 17, 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 is as hot as ever, 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...

Nelo raises $3M to grow ‘buy now,...

April 16, 2021

Buy now, pay later is a way of paying for purchases via installment loans that generally have no interest. The concept has grown in popularity in recent years, especially in markets such as the United States, Europe and Australia. Numerous players abound, all fighting for market share — from Affirm to Klarna to Afterpay, among others. But notably, none of these bigger players have yet to penetrate another very large market — Latin America. Enter Nelo, a startup founded...

The IPO market is sending us mixed...

April 16, 2021

If you only stayed up to date with the Coinbase direct listing this week, you’re forgiven. It was, after all, one heck of a flotation. But underneath the cryptocurrency exchange’s public debut, other IPO news that matters did happen this week. And the news adds up to a somewhat muddled picture of the current IPO market. To cap off the week, let’s run through IPO news from UiPath, Coinbase, Grab, AppLovin and Zenvia. The aggregate dataset should help you...

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