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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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TechCrunch

February 4, 2021

TechCrunchTechCrunchRad Power Bikes raises $150 million as electric bike sales boomUpstart gaming studio Mountaintop starts its climb with $5.5M seed from friends and familyThe cloud infrastructure market hit $129B in 2020Iteratively raises $5.4M to help companies build data pipelines they can trustExtra Crunch is now hiring for reporter, editor and project manager positionsSpace Cargo Unlimited looks to space to make wine grape vines more resistant to climate changeLeafly and Jane partner to build a better online cannabis shopping experienceOkta...

Fintech darling Nubank raises blockbuster $400M Series...

January 28, 2021

While the pandemic has left some startups strapped for cash, the aptly-named Brazilian neobank Nubank is swimming in it. This morning, the company announced that it has raised a $400 million Series G round, putting their total funding to date at $1.2 billion. But even more remarkable, in addition to their new $25 billion valuation (up from $10 billion in 2019), is their customer base of 34 million users, which they’ve built up since the fintech’s launch in 2013. “We’ve gone...

Google updates Play Store policies on gamified...

January 28, 2021

Google has updated and broadened its Play Store policy on gaming loyalty programs to help developers better understand the practices that are permitted, months after confusion about the guidance prompted some backlash in India, the biggest Android market by users. The company said on Thursday that it now specifies guidance on gamified loyalty programs that are based on a qualified monetary transaction in an app and offer prizes of cash or other real-world cash equivalent perks. Scores of apps...

Female-led startups dominate Catalyst Fund’s inclusive fintech...

January 28, 2021

Catalyst Fund, a global accelerator managed by BFA Global, announced the 8th cohort for its Inclusive Fintech Program today. The accelerator runs the flagship program annually and with a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. In 2020, all five countries had representatives in the accelerator. However, the selected six startups this year are from Kenya, Nigeria, and South Africa....

Ula raises $20 million to expand its...

January 28, 2021

Tokopedia, Lazada, Shopee, and other firms created an e-commerce market in Indonesia in the past decade, making it possible for consumers to shop online in the island nation. But as is true in other Asian markets, most small retailers and mom-and-pop stores in the Southeast Asian country still face a myriad of challenges in sourcing inventory and working capital, and continue to rely on an age-old supply chain network. Nipun Mehra (a former executive of Flipkart in India), Alan...

Fast raises $102M as the online checkout...

January 26, 2021

This morning Fast, a startup that provides online checkout and identity products, announced that it has closed a $102 million Series B. The new funding event was led by Stripe, a previous investor in Fast. Stripe, an online payments giant, also led Fast’s Series A last year, a deal worth $20 million. Fast has raised $124 million to date, it said in a release. TechCrunch reached out to Fast for comment regarding its growth pace. The company shared that...

CrediBook gets $1.5 million to help Indonesian...

January 26, 2021

CrediBook, a startup that helps Indonesian retail wholesalers digitize the financial side of their operations, has raised $1.5 million in pre-Series A funding led by Wavemaker Partners, with participation from Alpha JWC Ventures and Insignia Ventures Partners. The capital will be used for product launches and expansion into more Indonesian cities. Founded in February 2020, CrediBook is part of a wave of startups focused on digitizing small- to medium-sized businesses in Indonesia. SMEs contribute more than 60% of the...

Daily Crunch: Twitter unveils Birdwatch

January 25, 2021

Twitter pilots a new tool to fight disinformation, Apple brings celebrity-guided walks to the Apple Watch and Clubhouses raises funding. This is your Daily Crunch for January 25, 2021. The big story: Twitter unveils Birdwatch Twitter launched a new product today that it says will offer “a community-based approach to misinformation.” With Birdwatch, users will be able to flag tweets that they find misleading, write notes to add context to those tweets and rate the notes written by others....

Fintechs could see $100 billion of liquidity...

January 25, 2021

Jake Jolis Contributor Share on Twitter Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including marketplaces and software. More posts by this contributor 4-year founder vesting is dead 2019 saw a stampede of fintech unicorns Dana Stalder Contributor Share on Twitter Dana Stalder is a partner at Matrix Partners, where he invests predominantly in fintech, consumer marketplaces and enterprise software. More posts by this contributor 2019 saw a stampede of...

Is anything too big to be SPAC’d?

January 23, 2021

While many deemed 2020 the year of SPAC, short for special purpose acquisition company, 2021 may well make last year look quaint in comparison. It’s probably not premature to be asking: is anything too big to be SPAC’d? Just today, we saw the trading debut of the most valuable company to date go public through a merger with one of these SPACs: 35-five-year-old, Pontiac, Michigan-based United Wholesale Mortgage, which is among the biggest mortgage companies in the U.S. Its...

Extra Crunch roundup: Digital health VC survey,...

January 22, 2021

I had my first telehealth consultation last year, and there’s a high probability that you did, too. Since the pandemic began, consumer adoption of remote healthcare has increased 300%. Speaking as an unvaccinated urban dweller: I’d rather speak to a nurse or doctor via my laptop than try to remain physically distanced on a bus or hailed ride traveling to/from their office. Even after things return to (rolls eyes) normal, if I thought there was a reliable way to...

How VCs invested in Asia and Europe...

January 22, 2021

Wrapping our look at how the venture capital asset class invested in 2020, today we’re taking a peek at Europe’s impressive year, and Asia’s slightly less invigorating set of results. (We’re speaking soon with folks who may have data on African VC activity in 2020; if those bear out, we’ll do a final entry in our series concerning the continent.) After digging into the United States’ broader venture capital results from last year with an extra eye on fintech...

MotoRefi raises $10M to keep pedal on...

January 22, 2021

A month before the COVID-19 pandemic had spread to North America, auto fintech startup MotoRefi — newly armed with nearly $9 million in venture capital — was preparing to bring its refinancing platform to the masses. CEO Kevin Bennett, and the investors behind the company, saw the opportunity to service Americans who collectively hold $1.2 trillion in auto loans. What they didn’t anticipate was the sudden uptick in demand fueled by COVID-19 and the uncertainty and chaos that the...

Google threatens to close its search engine...

January 22, 2021

Google has threatened to close its search engine in Australia — as it dials up its lobbying against draft legislation that is intended to force it to pay news publishers for reuse of their content. Facebook would also be subject to the law. And has previously said it would ban news from being shared on its products owing if the law was brought in, as well as claiming it’s reduced its investment in the country as a result of...

China’s draft payments rules put Ant, Tencent...

January 22, 2021

A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Chinese authorities sent another message this week signaling its plan to curb concentration in the flourishing digital payments industry. The set of draft rules, designed to regulate non-bank payments and released by the People’s Bank of China (PBOC) this...

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