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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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Nowports raises $16M to build the OS...

July 1, 2021

Nowports, an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. Mouro Capital — a venture capital fund focused on fintechs and adjacent businesses that is backed by Banco Santander — led the round for the Monterrey, Mexico-based startup. Foundation Capital also participated in the financing, which included participation from existing backers Broadhaven Ventures, InvestoVC, Monashees, Base10 Partners and Y Combinator. A number of angels also put money in the round, including Justo.mx...

Codat raises $40M from Tiger for its...

July 1, 2021

This morning Codat, a startup that provides APIs to link small-business fintech data to external services, announced that it has closed a $40 million round led by Tiger Global. The company raised $10 million in a Series A around a year ago that Index led; Codat also raised some strategic capital in the interim, but declined in an interview to provide more detail. The company also declined to provide any guidance regarding how much its valuation changed in the...

Mercado Bitcoin, Brazil’s first crypto exchange, raises...

July 1, 2021

Mercado Bitcoin, a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. The round values 2TM Group, Mercado Bitcoin’s non-operating parent company, at $2.1 billion, ranking it among the top 10 unicorns in Latin America. The funding comes just months after São Paulo-based Mercado Bitcoin’s Series A round (of an undisclosed amount) in January of 2021, which was co-led by G2D/GP Investments and Parallax Ventures, with participation from HS...

Tiger Global in talks to back Indian...

July 1, 2021

Tiger Global is in advanced stages of talks to back Indian embedded finance startup Yap, according to more than half a dozen people familiar with the matter. The New York-headquartered firm is in talks to lead a $35 million financing round in Yap — also known as YapPay and M2P — that values the Bangalore-headquartered startup at about $350 million, up from about $67 million in March this year (per data insight platform Tracxn), the people said. At the...

Uber’s first head of data science just...

July 1, 2021

Kevin Novak joined Uber as its 21st employee its seventh engineer in 2011, and by 2014, he was the company’s head of data science. He talks proudly of that time, but like all good things, it ran its course and by the end of 2017, having accomplished what he wanted at the company, he left. At first, he picked up the pace of his angel investing, work he’d already begun focusing on during weekends and evenings, ultimately building a...

Daily Crunch: Insecure server exposes Byju’s students’...

June 30, 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 June 30, 2021. It’s the last day of the quarter. It’s the last day of the first half of the year. It’s the halfway mark for your New Year’s resolutions. The kickoff of Q3 means that we are heading into yet another earnings season. To close the second quarter,...

Daylight raises millions to build a digital...

June 30, 2021

Over the past year, there has been a surge of newly formed digital banks aimed at specific demographics. The banks in nearly all cases are trying to meet the needs of certain populations that they believe are feeling left out or underserved by traditional financial institutions. The latest such neobank to emerge is New York-based Daylight, which describes itself as the first LGBTQ+ digital banking platform in the United States. (There is a digital bank in Brazil with a...

Sequoia Capital India unveils fifth group of...

June 30, 2021

Sequoia Capital India has selected 23 early-stage startups for its fifth cohort of Surge, its accelerator program for India and Southeast Asia, at a time when dealflow activity is at its peak in the region. The new cohort, Surge’s largest to date, have collectively raised $55 million, the storied investment firm said Wednesday. The group also includes 10 women founders, another record for the accelerator program which started its journey in March 2019. The Surge program has enabled Sequoia...

Orum raises $56M to help speed up...

June 29, 2021

Orum, which aims to speed up the amount of time it takes to transfer money between banks, announced today it has raised $56 million in a Series B round of funding. Accel and Canapi Ventures co-led the round, which also included participation from existing backers Bain Capital Ventures, Inspired Capital, Homebrew, Acrew, Primary, Clocktower and Box Group. The financing comes barely three months after Orum announced a $21 million Series A, and brings its total raised to over $82...

Daily Crunch: SpaceX announces tentative plans to...

June 28, 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 Monday, June 28. How much time did you spend on your phone this weekend? Too much? Not a lot? According to recent data on consumer app spending, you probably spent a pretty fair amount. Consumer spending on apps hit a new record in the first half of the year,...

Fleet software startup LocoNav raises $37 million...

June 28, 2021

LocoNav, an India-based startup that is helping drivers and fleet owners in over two-dozen nations run their vehicles more efficiently and save money, said on Monday it has raised $37 million in a new financing round. Five-year-old LocoNav’s new financing round, a Series B, was funded by Quiet Capital, Anthemis Group, Foundamental, Sequoia Capital India, RIT Capital Partners, Uncorrelated Ventures, Village Global and others. The new financing round brings the to-date raise of LocoNav, which has offices in San Francisco...

Coinbase CEO Brian Armstrong is coming to...

June 28, 2021

Brian Armstrong, the founder and CEO of cryptocurrency exchange Coinbase, is coming to Disrupt this September 21-23, and given how much there is to discuss, we couldn’t be more excited to host him. As some industry observers will know, Armstrong, a native of San Jose, Calif., whose parents were both engineers, nabbed two degrees from Rice University in Texas before joining Airbnb as a software engineer in 2011 as a technical product manager focused on fraud prevention. The role...

How WesternUnion is fighting back against fintech...

June 28, 2021

The saying goes that, “You can’t teach an old dog new tricks.” That may or may not be true, but at least one “old dog” is working hard to disprove that saying. Western Union has been operating in the cross-border payments space for nearly 150 years (yes, you read that right – 150 years) and today, globally, it serves almost 150 million customers – representing senders and receivers. In recent years, a number of fintech startups have emerged to...

Slice raises $20 million to go after...

June 28, 2021

Slice, an Indian fintech startup that has built a “super card” for millennials in India, said on Monday it has raised $20 million in a new financing round and is adding new features to change how people engage with their credit cards. Existing investors Gunosy, Blume Ventures and others financed the new round in the Bangalore-headquartered startup, it said. Even as hundreds of millions of Indians today have a bank account, only about 30 million have a credit card....

This Week in Apps: Android apps on...

June 26, 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...

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