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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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After breach, Twitter hires a new cybersecurity...

September 30, 2020

Following a high-profile breach in July, Twitter has hired Rinki Sethi as its new chief information security officer. Sethi most recently served as chief information security officer at cloud data management Rubrik, and previously worked in cybersecurity roles at IBM, Palo Alto Networks, and Intuit. In the new role at Twitter overseeing the company’s information security practices and policies, Sethi will report to platform lead, Nick Tornow, according to her tweet announcing the job move. Sethi also serves as...

Rally raises $17M to expand a platform...

September 29, 2020

When people ponder the investment opportunity around collectibles, they probably think about things like wine auctions, sales of very expensive, old cars or baseball cards, or maybe a pocket watch that made an unlikely appearance on an antiques TV show, hoping that their piece of treasured tat might one day also be worth millions. But a startup announcing some funding today is hoping that you might add another kind of more realistic kind of collectibles investment into the mix:...

New program wants to be the Y...

September 29, 2020

Rolling funds, the rise of solo capitalists, crowd syndicates, and team-based seed funds all scream one thing in unison: venture capital is growing and getting unbundled at the same time. While the asset class remains largely exclusive and skewed white and male, innovation does have the potential to usher in a new, far more inclusive generation of investors. The question is how to ensure that these newer investors survive and thrive and are able to scale their operations in...

Crypto exchange Bitpanda closes $52M Series A...

September 29, 2020

Bitpanda, a crypto assets platform, has closed a $52 million Series A funding round form Valar Ventures, a venture capital firm backed by Peter Thiel. Vienna-based VC Speedinvest also participated, alongside other unnamed investors. Claiming 1.3 million users, Bitpanda has previously been trading digital assets and tokenizing precious metals. The Vienna-based company will use the cash to expand internationally. It expanded to France, Spain and Turkey in 2020 and plans to enter additional European markets this year and next. It has 300...

N26 hires Adrienne Gormley as its new...

September 28, 2020

Fintech startup N26 is announcing some changes in the leadership team with two new C-Level hires. First, Adrienne Gormley, pictured above, is joining the company as chief operating officer, replacing Martin Schilling who left the company in March 2020. Second, Diana Styles, pictured below, will become N26’s chief people officer. Gormley has spent the last six years working for Dropbox in Dublin. She was the VP of Global Customer Experience as well as the head of EMEA for Dropbox....

Philippines payment processing startup PayMongo lands $12...

September 28, 2020

Stripe has led a $12 million Series A round in Manila-based online payment platform PayMongo, the startup announced today. PayMongo, which offers an online payments API for businesses in the Philippines, was the first Filipino-owned financial tech startup to take part in Y Combinator’s accelerator program. Y Combinator and Global Founders Capital, another previous investor, both returned for the Series A, which also included participation from new backer BedRock Capital. PayMongo partners with financial institutions, and its products include...

This Week in Apps: Redesigning the iOS...

September 26, 2020

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business. In 2019, mobile-first companies had a combined $544...

This new Southeast Asian fund has its...

September 25, 2020

As U.S.-China relations remain tense, Southeast Asia becomes the darling for investors and tech companies from both sides as they seek overseas expansion. Behemoths like Google, Facebook, Alibaba, Tencent and ByteDance have elbowed into the region. Some set up shop, while others formed alliances and took stakes in local startups. Now five prominent investors originating from the region are ready to claim their slice of the market. Singapore-based Altara Ventures debuted this week with a goal to raise more...

Free VPNs are bad for your privacy

September 24, 2020

VPNs are in high demand as Americans scramble to keep access to TikTok and WeChat amid a looming government ban. There are dozens of free VPNs out there that promise to protect your privacy by keeping you anonymous on the internet and hiding your browsing history. Don’t believe it. Free VPNs are bad for you. The internet is a hostile place for the privacy-minded. Internet providers can sell your browsing history, governments can spy on you and tech titans...

Learning how to ask questions is an...

September 24, 2020

Mercedes Bent Contributor Mercedes Bent is a partner at Lightspeed where she invests in consumer, edtech and fintech companies. For many of us, learning to ask questions was a matter of the five W’s: who, what, where, when, why (and how). As I interviewed founders about the most valuable learning resources that allowed them to grow into the leaders they are today, I realized that many of them leaned heavily on carefully crafted approaches to asking questions. In all...

Atlanta gets a billion dollar startup business...

September 24, 2020

Greenlight Financial Technology, the fintech company that pitches parents on kid-friendly bank accounts, has raised $215 million in a new round of funding. The round gives the Atlanta-based startup a $1.2 billion valuation thanks to backing from Canapi Ventures, TTV Capital, BOND, DST Global, Goodwater Capital and Fin VC. It’s a huge win for the Canadian-based venture investor Relay Ventures. Since it launched its debit cards for kids in 2017, the company has managed to set up accounts for...

Nori is pitching carbon trading… on the...

September 24, 2020

Cryptocurrency meets carbon trading. That’s the pitch from Nori, a new Seattle-based startup, that just raised $4 million in funding from cryptocurrency focused investors including Placeholder, North Island Ventures, Tenacious Ventures, and a big, privately held agriculture multinational that the company declined to disclose. Founded by Paul Gambill, a former Deloitte Technology employee who left the firm in 2015 to begin working on a company that would tackle climate change, Nori uses blockchain to solve the “double counting” that...

Valar triples down on Petal, leading $55M...

September 24, 2020

Sometimes raising venture capital can be as simple as talking to your existing investor and having them wire over another check. When we last caught up with Petal in January 2019, the startup was hot off its $30 million Series B round and was accelerating its mission to take on the world of credit cards. Petal’s core differentiation is that it looks at the cash flow of potential borrowers rather than traditional credit scores to assess creditworthiness, helping to...

How Robinhood and Chime raised $2B+ in...

September 23, 2020

Last night Robinhood, the American fintech unicorn that provides free securities trading services to consumers via an app, announced that it raised an additional $460 million in its previously-known Series G. That round is now worth $660 million at an $11.7 billion post-money valuation. A little over a month ago Robinhood announced that it had raised a $200 million Series G, bringing its valuation to $11.2 billion at the time. The Exchange explores startups, markets and money. Read it...

Submer is dunking servers in goo to...

September 23, 2020

Digital technologies now serve as the central nervous system for the global economy, and making that nervous system work depends on networks of massive data centers that hoover up enormous amounts of power to keep businesses operating around the world. It’s not just keeping those data centers on, but keeping the rows and rows of servers that house all the data companies access in climate-controlled environment so they can operate effectively comes with a massive heating and cooling bill....

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