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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: Apple’s iPhone event,...

September 18, 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...

Divining the real value of my favorite...

September 18, 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. Thank you for clicking on this email. With a subject line like that you are legend for being here. Of course, we’re talking buy-now-pay-later (BNPL) companies today, a particular part of the larger fintech world that is more than interesting. Thanks...

SoftBank’s Marcelo Claure is coming to Disrupt...

September 18, 2021

SoftBank has been on a tear in Latin America. The Japanese investment conglomerate just announced it has launched its second Latin America-focused fund with a $3 billion capital commitment from the company that may grow as the fund explores “options to raise additional capital,” according to SoftBank. The vehicle follows hot on the heels of SoftBank’s debut Latin America-focused fund, announced in March 2019 with an initial $2 billion in committed capital. It’s easy to see what all the...

What we can learn from edtech startups’...

September 18, 2021

Rhys Spence Contributor Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization. More posts by this contributor The 2021 edtech avalanche has just begun It’s a story common to all sectors today: investors only want to see ‘uppy-righty’ charts in a pitch. However, edtech growth in the past 18 months has ramped up to such an extent that companies need...

OpenSea released an app — but it’s...

September 17, 2021

It’s a big day for the Amazon of the decentralized internet — OpenSea now has an app for iOS and Android. For most companies, having a mobile app is a milestone you’d reach before hitting a $1.5 billion valuation. But like any store — whether you’re selling NFT art or not — there’s a hefty price to pay for app store transactions, whether you’re on Android or iOS. That’s possibly why OpenSea’s shiny, new app is only for browsing...

Submit your pitch deck now for live...

September 16, 2021

The art of pitching is perhaps the most important art that a founder learns on their journey to unicorn status and beyond. And like any art, it helps to get some critical feedback along the way from the judges on the other side of the table. That’s why every Disrupt, we host Pitch Deck Teardown, a panel of VCs who read and critique several pitch decks in a row to offer feedback on everything from the overarching narrative and...

Goldman says $2.2B purchase of BNPL provider...

September 15, 2021

This morning, Goldman Sachs announced plans to acquire B2B2C lender GreenSky in a deal worth $2.24 billion. The acquisition, which is still subject to regulatory approval and is expected to close in the fourth quarter of 2020 or the first quarter of 2021, is positioned to bolster the firm’s consumer business and offer new products and new ways to attract consumers to its Marcus by Goldman Sachs brand of finance products. Goldman launched Marcus five years ago as a...

Daily Crunch: SpaceX set to launch 4...

September 15, 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 September 15, 2021. Today we have everything in the newsletter. Bad behavior in the crypto world? Yep. Why the Mailchimp deal might make good sense? You bet. But before we get into the mix, a few TechCrunch notes. First, Jordan Crook’s regular series of streamed chats with investors and...

Forge’s SPAC deal is a bet on...

September 15, 2021

As Warby Parker, Freshworks, Amplitude and Toast look to list in the coming weeks, we shouldn’t forget the SPAC boom. This week, for example, Forge Global (Forge), a technology startup that operates a market for secondary transactions in private companies, announced that it would go public via a blank-check combination. And while we’re not unpacking every single SPAC combination that crosses our radar, the Forge deal is a good one to spend time parsing. The Exchange explores startups, markets and...

Ascend raises $5.5M to provide a BNPL...

September 15, 2021

Ascend on Wednesday announced a $5.5 million seed round to further its insurance payments platform that combines financing, collections and payables. First Round Capital led the round and was joined by Susa Ventures, FirstMark Capital, Box Group and a group of angel investors, including Coalition CEO Joshua Motta, Newfront Insurance executives Spike Lipkin and Gordon Wintrob, Vouch Insurance CEO Sam Hodges, Layr Insurance CEO Phillip Naples, Anzen Insurance CEO Max Bruner, Counterpart Insurance CEO Tanner Hackett, former Bunker Insurance...

Two years after launching, Inspired Capital has...

September 15, 2021

Inspired Capital, the New York-based early-stage venture firm that was founded in 2019 by entrepreneurs Alexa von Tobel and Penny Pritzker, is today announcing the close of their second fund with $281 million in capital commitments, an amount that brings the firm’s total assets under management to nearly half a billion dollars. (Inspired raised $200 million for its debut fund.) We talked earlier this week with von Tobel about the portfolio of 25 companies that her firm — which...

SmarterTravel sheds HopJump name, begins a new...

September 15, 2021

Travel startups continue to rake in venture capital dollars as more people become comfortable traveling amid the global pandemic. The latest is SmarterTravel, which brought in $9.5 million in Series B funding co-led by Link Ventures and Second Alpha, with existing investors also participating. In addition to the fundraise, the company, a provider of personalized travel recommendations and targeted travel content, announced its name change from HopJump, which reflects the company’s renewed vision of providing an informative online travel...

Daily Crunch: Here’s what happened at Apple’s...

September 14, 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 September 14, 2021. It was an Apple day on the internets, so we’ve all spent the afternoon trying to figure out if we need a new smartphone. Answer? Probably not, but that won’t stop a good portion of the TechCrunch crew from deploying fresh Yahoo lucre into Cupertino’s market...

Here’s what your BNPL startup could be...

September 14, 2021

It’s a two-Exchange Tuesday, everyone. First up, we’re talking fintech valuations. Next up, we’re digging into Atlanta. Last week’s news that PayPal intends to buy Japanese startup Paidy marked the second major acquisition of a buy now, pay later (BNPL) company this year. PayPal’s news followed an even larger deal by Square for the Australian BNPL company Afterpay. The multibillion-dollar exits provided hard market proof that what BNPL startups are building has value beyond simple operating results; major fintech...

Indonesian fintech Xendit is now a unicorn,...

September 14, 2021

There’s a new entrant in Southeast Asia’s growing list of unicorns. Jakarta-based Xendit, best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital, the venture firm co-founded by former Y Combinator partner Justin Kan (in 2015, Xendit became the first...

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