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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: Apple releases macOS Big Sur

November 12, 2020

The latest Mac operating system arrives, Amazon faces a lawsuit over PPE and Disney+ turns one. This is your Daily Crunch for November 12, 2020. The big story: Apple releases macOS Big Sur This update, which was first announced five months ago at WWDC, includes a number of design changes that continue to blur the line between macOS and iOS. One of the big additions is the Control Center, an iOS/iPadOS feature that presents a translucent pane down the...

Railsbank, the Banking-as-a-Service, raises $37M in growth...

November 12, 2020

Railsbank, the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. Leading the round is MiddleGame Ventures and Ventura Capital, which are both existing investors in Railsbank. Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, tells me the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development. This will include the launch of...

Daily Crunch: Google Photos will end free,...

November 11, 2020

Google changes its storage policy, Facebook extends its political ad ban and Ring doorbells are recalled. This is your Daily Crunch for November 11, 2020. The big story: Google Photos will end free, unlimited storage Google is changing its storage policies for free accounts in a way that could have a big impact on anyone regularly using Google Photos. Currently, Google Photos allows users to store unlimited images (and HD video) as long as they’re under 16 megapixels. Starting...

Join us for a live Q&A with...

November 11, 2020

The Extra Crunch Live series rolls along with a big new installment next week as Jordan Crook and Alex Wilhelm will welcome Bessemer Venture Partners‘ Byron Deeter to the conversation. Deeter is an obvious addition to the collection of investors, founders and tech luminaries that TechCrunch has interviewed so far in the Live series — for a taste, here’s a look at our discussion with Unusual Ventures’ John Vrionis and Sarah Leary, and our chat with Plaid co-founder Zach...

Carlos Gonzalez-Cadenas, angel investor and COO of...

November 11, 2020

Index Ventures, the London and San Francisco-headquartered venture capital firm that primarily invests in Europe and the U.S., has recruited its latest investment partner. Carlos Gonzalez-Cadenas, who is currently the COO of London-based fintech GoCardless and was previously the chief product officer of Skyscanner, is joining Index in January, TechCrunch can reveal. For those not in the know, Gonzalez-Cadenas is a seasoned entrepreneur and operator, but has also become a prolific angel investor over the last three years —...

Nigeria’s Kuda raises $10M to be the...

November 10, 2020

The African continent is currently one of the fastest-growing regions when it comes to mobile growth, and financial technology companies that are building services to meet that rapidly-expanding market are getting a lot of attention. In the latest development, Kuda, a startup out of Nigeria that operates a popular mobile-first challenger bank for consumers and (soon) small businesses, is announcing that it has raised $10 million — the biggest seed round ever to be raised in Africa. The funding...

Hong Kong insurtech startup Coherent gets $14...

November 10, 2020

Based in Hong Kong, Coherent helps insurance providers go digital. With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow Coherent’s client base in Asia, including insurers who want to add more digital services to their usual sales processes because of the pandemic. Founded in 2018, Coherent’s platform, called...

The race to be China’s top fintech...

November 10, 2020

As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not least because they are sprawled across a number of Tencent properties and, unlike Ant, don’t go by a single brand or operational structure — at least, not one that is obvious to the outside world. However, when you...

Startup fundraising is the most tangible gender...

November 9, 2020

Ximena Aleman Contributor Ximena Aleman is co-founder and chief business development officer at Prometeo, an open banking platform that serves Latin America. More posts by this contributor Fintech regulations in Latin America could fuel growth or freeze out startups Year-in, year-out, the gender gap in venture capital investment continues to be a problem women founders face. While the gender gap in other areas (such as the number of women entering tech in general) may be on the right path,...

What happens to high-flying startups if the...

November 9, 2020

So much can change in a day. This morning, news that a trial COVID-19 vaccine candidate had an effective rate of more than 90% shook the financial world. The Pfizer vaccine is reportedl;y so effective, the company “will have manufactured enough doses to immunize 15 to 20 million people” by the end of the year, according to the New York Times, appears to have given investors the green light to pile back into companies harmed by the pandemic. The...

Here comes the next IPO wave

November 7, 2020

This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here. Are you tired? I am. What a week. But, if you kept your eyes off American politics and instead focused on the stock market, this was not a week of stress at all. It was a celebration. Yes, the election appears to be influencing stocks, with investors delighted at what could be a...

The gig economy, cannabis and car data...

November 7, 2020

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. The US is settling in for some new form of national gridlock, but state and local propositions are busy defining how technology businesses will be allowed to work (legally) in the US. Policies on topics as broad as customer usage and employment or as narrow as a drug chemical got the vote across the country. The...

Extra Crunch roundup: B2B marketplaces, edtech M&A,...

November 6, 2020

I’ve worked at TechCrunch for a little over a year, but this was one of the hardest weeks on the job so far. Like many people, I’ve been distracted in recent days. As I write this, I have one eye on my keyboard and another on a TV that sporadically broadcasts election results from battleground states. Despite the background noise, I’m completely impressed with the TechCrunch staff; it takes a great deal of focus and energy to set aside...

Spain’s All Iron Ventures closes €66.5M first...

November 6, 2020

Spain’s All Iron Ventures (AIV), an investor in b2c marketplaces and ecommerce plays, has closed its first fund with commitments totalling €66.5 million (~$79M) — which it touts as one of the largest first fund raises in the country. Capital committed to the fund by its parent Group’s founding partners and other investors brings its total investment capacity to around €110M. Backing for the fund has come from private investors, with no public support sought. AIV aligns itself with...

Challenger bank Starling is out raising a...

November 6, 2020

Starling founder Anne Boden recently told TechCrunch that the U.K. challenger bank is on track to be profitable by Christmas, but this doesn’t mean it isn’t out raising additional capital already. According to well-placed sources, Starling has hired Rothschild with the aim of raising a new £200 million round. The draw is its expected profitability, which one source says is already creating private equity investor interest. Starling declined to comment. Having raised £363 million to date, including a £100...

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