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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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How a bot-fighting test turned into edtech’s...

May 3, 2021

Luis von Ahn, an entrepreneur who has dedicated his career to scaling free education, has probably annoyed you more than once. In fact, you’ve likely been annoyed by his work dozens and maybe hundreds of times over the years. A decade before he co-founded the whimsical and language-learning app Duolingo, one of the most popular education apps in the world with over 500 million downloads and 40 million active users, he was building the technology that would become CAPTCHA,...

How Duolingo became fluent in monetization

May 3, 2021

As its meandering route to monetization will demonstrate, Duolingo isn’t mission-oriented, it’s mission-obsessed. Co-founders Luis von Ahn and Severin Hacker never wanted to charge consumers for access to Duolingo content, a purpose imbued throughout the company’s culture. For years in order to work at Duolingo, you had to be comfortable with joining a company in Pittsburgh that was in no rush to make money. The startup, filled with education enthusiasts and mission-driven employees, became “very college pizza vibes,” Gina...

Wealthsimple raises $610M at a $4B valuation

May 3, 2021

Canadian fintech giant Wealthsimple has raised a new round of $750 million CAD (~$610 million) at a post-money valuation of $5 billion CAD (~$4 billion). The round was led by Meritech and Greylock, and includes funding from Inovia, Sagard, Redpoint, Two Sigma Ventures, TCV as well as individual investors including Drake, Ryan Reynolds and Michael J. Fox (basically, all the most famous Canadians). Wealthsimple’s big new raise more than doubles its valuation from its last round, a $114 million...

How did Atlanta become a top breeding...

May 2, 2021

Over the past five years, the Southeastern region, led by Atlanta, has gone from being “one of the best kept secrets” in tech, to a vibrant ecosystem teeming with a herd of the billion dollar tech businesses that are referred to in the investment world as “unicorns” (thanks to their supposed rarity). In those five years venture capital investments surged to $2.1 billion in the region, with $1 billion invested in the last year alone, according to Lisa Calhoun,...

Big Tech is now worth so much...

May 1, 2021

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. If you want it in your inbox every Saturday morning, sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. TechCrunch isn’t a public-market-focused publication. We care about startups. But public tech companies can, at times, provide interesting insights into how the broader technology market is performing. So we pay...

This Week in Apps: EU rules Apple’s...

May 1, 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 is as hot as ever, 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...

Sorbet raises $6M Seed led by Viola...

April 30, 2021

A US/Israeli startup, Sorbet — which is tackling what companies do with the financial risks as employees accrue Paid Time Off (PTO) — has raised $6 million in a Seed funding round led by Viola Ventures, with participation by Global Founders Capital, Meron Capital. The economics of Paid Time Off is relatively hidden in the business world, but essentially,Sorbet takes on the burden of this PTO from employers and then allows employees to spend it. This gives the employers...

The second shot is kicking in

April 30, 2021

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. First and foremost, Equity was nominated for a Webby for “Best Technology Podcast”! Drop everything and go Vote for Equity! We’d appreciate it. A lot. And even if we lose, well, we’ll keep doing our thing and making each other laugh. (Note: we are in last place, which is, well, something.) Regardless, the Equity team got together once again this week to not...

Eclipse Ventures has $500 million more to...

April 30, 2021

Two years ago, we talked with Lior Susan, the founder of now six-year-old Eclipse Ventures in Palo Alto, California. At the time, the outfit believed that the next big thing wasn’t another social network but instead the remaking of old-line industries through full-tech stacks — including hardware, software and data — capable of bringing them into the 21st century. Fast-forward, and nothing has changed, not inside of Eclipse anyway. While the world has gone through a dramatic transformation owing...

The era of the European insurtech IPO...

April 30, 2021

Phil Edmondson-Jones Contributor Phil Edmondson-Jones is a principal at Oxx, the specialist SaaS VC backing Europe and Israel’s most promising B2B SaaS businesses at the scale-up stage. Once the uncool sibling of a flourishing fintech sector, insurtech is now one of the hottest areas of a buoyant venture market. Zego’s $150 million round at unicorn valuation in March, a rumored giant incoming round for WeFox, and a slew of IPOs and SPACs in the U.S. are all testament to...

Daily Crunch: Biden’s labor secretary says gig...

April 29, 2021

The Biden administration hints at gig economy changes, Blue Origin will be taking passengers and we interview Jim Belushi about weed. This is your Daily Crunch for April 29, 2021. The big story: Biden’s labor secretary says gig workers should be reclassified The Biden administration’s labor secretary Marty Walsh recently said in an interview with Reuters that he’s “looking at” the gig economy. “In a lot of cases gig workers should be classified as employees,” Walsh said. “In some...

Healthcare is the next wave of data...

April 29, 2021

David Jegen Contributor More posts by this contributor The restaurant table(t) is getting crowded Carl Byers Contributor Why can we see all our bank, credit card and brokerage data on our phones instantaneously in one app, yet walk into a doctor’s office blind to our healthcare records, diagnoses and prescriptions? Our health status should be as accessible as our checking account balance. The liberation of financial data enabled by startups like Plaid is beginning to happen with healthcare data,...

Sequoia’s Shaun Maguire and Vise’s Samir Vasavada...

April 29, 2021

In the past few weeks, we’ve heard Fifth Wall’s Brendan Wallace and Hippo’s Assaf Wand discuss the biggest opportunities in prop tech, heard why Scale AI’s Alex Wang and Accel’s Dan Levine think that unconventional VC deals can be the best option and taken a stroll through the Poshmark Series A deck with CEO Manish Chandra and Mayfield’s Navin Chaddha. This is the particular flavor of content, rich in key insights and tactical advice for founders, that goes down...

Fintech startups set VC records as the...

April 29, 2021

While waiting for full first-quarter venture capital results for fintech startups to drop, we knew that they were going to be outsized. The Exchange previously explored the pace at which huge venture rounds were invested into the startup niche, noting that by mid-March the fintech market had already recorded a record number of $100 million rounds. But the largest venture capital rounds are only part of the fintech investing picture, so we were looking forward to getting a deeper...

Firstbase raises $13M to make remote work...

April 29, 2021

The chance that I am ever willing to commute on a regular basis again in the future is zero. It’s too inefficient. And while workers and employers are somewhat split on where they stand on the question of remote toil, the COVID-19 pandemic has permanently shaken up the working world; we’re not going back to the pre-COVID normal. To support what could be droves of workers sticking to distance-labor instead of returning to offices, Firstbase is building a software-and-hardware...

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