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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.

 
Gr4vy launches Cloud payment orchestration, pulls in...
Gr4vy, (pronounced ‘gravy’) is a cloud-native payments company with a “payment orchestration platform (POP)” that merges a Cloud platform with payments infrastructure. It’s also announcing a Series A funding round of $11.1M, led by Nyca Partners (a VC with a bench of partners who are ex-Visa ), with participation from Activant Capital (a fintech investor), Global Founders Capital, and Firestartr bringing its total funding to $12.2M. So what is Gr4vy tackling here? Over a video call, John Lunn, founder...

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Hacking my way into analytics: A creative’s...
Sydney Anh Mai Contributor Sydney Anh Mai is an award-winning product designer at Kickstarter. Her work has appeared on The Verge, Design Weekly and Core 77. Growing up, did you ever wonder how many chairs you’d have to stack to reach the sky? No? I guess that’s just me then. As a child, I always asked a lot of “how many/much” questions. Some were legitimate (“How much is 1 USD in VND?”); some were absurd (“How tall is the...

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India’s ElasticRun raises $75 million to grow...
A startup that is helping over 125,000 neighborhood stores in India secure working capital, inventory from top brands, and work with e-commerce firms to boost revenues said on Thursday it has raised a new financing round as it looks to further its reach in the world’s second largest internet market. Pune-based ElasticRun said it has raised $75 million in its Series D financing round co-led by existing investors Avataar Ventures and Prosus Ventures. Existing investor Kalaari Capital also participated...

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The SPAC boom isn’t just here to...
Mike Murphy Contributor Mike Murphy is the founder and CEO of Rosecliff Ventures, a New York City-based investment firm focused on venture capital and private equity opportunities. Consumer technology is an inherently risky investment sector: even the best idea can fall flat if the story of the product is not sold properly to the end user. The stats can only take you so far, and, eventually, customers want to believe in the product. Traditionally, companies that have successfully told...

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Splitwise raises $20M Series A to help...
This morning Splitwise, a Providence, Rhode Island-based startup announced that it has closed a $20 million Series A. The company builds consumer fintech software that helps users split expenses. But Splitwise isn’t a Venmo or Paytm clone. Instead of helping users wire money to their pals, the company leaves the transference of money to others. Splitwise simply wants to help reduce the stress and awkwardness that money puts on relationships of all sorts, CEO Jon Bittner told TechCrunch in...

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Daily Crunch: Spotify adds support for paid...
Spotify launches paid podcast support, Amazon announces new tablets and we unveil the agenda for TC Sessions: Mobility. This is your Daily Crunch for April 27, 2021. The big story: Spotify adds support for paid podcasts As first announced in February, Spotify is now allowing podcasters to offer subscriber-only content, published through its Anchor podcasting software. Creators choose from three subscription tiers — $2.99, $4.99 or $7.99 per month. This comes one week after Apple announced support for paid...

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Stripe acquires TaxJar to add cloud-based, automated...
Stripe, the privately-held payments company now valued at $95 billion, has made an acquisition to expand the range of tools (and services) that it provides to online businesses. It has acquired TaxJar, a popular provider of a cloud-based suite of tax services, which can be used to automatically calculate, report and file sales taxes. One key point about TaxJar is that it works across a number of geographies and the many different sales tax regimes that each uses —...

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Kids-focused fintech Greenlight raises $260M in a16z-led...
Greenlight, the fintech company that pitches parents on kid-friendly bank accounts, has raised $260 million in a Series D funding round that nearly doubles its valuation to $2.3 billion. The funding comes just months after the Atlanta-based startup landed $215 million in funding at a $1.2 billion valuation. With the latest round, Greenlight has now raised over $550 million. Andreessen Horowitz (a16z) led its Series D, which also included participation from return backers TTV Capital, Canapi Ventures, Wells Fargo...

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Brazil’s Positive Ventures closes on $10M fund...
Positive Ventures, a Sao Paulo-based venture firm, has secured $10 million for its latest fund. Positive Ventures has raised the capital from an impressive list of LPs including investor Luis Stuhlberger, founding partner of Verde Asset Management and Teresa and Cândido Bracher, who was the chairman of Itaú-Unibanco, Brazil’s largest bank. The Brazilian venture firm’s self-described mission is to “invest in startups where every dollar of revenue is also delivering environmental or social impact.” I spoke with co-founder and...

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Teen banking service Step raises $100M Series...
Step, the digital banking service aimed at teens and endorsed by TikTok star Charli D’Amelio, announced this morning the close of a $100 million round of Series C funding after growing to over 1.5 million users just six months after launch. The new round, led by General Catalyst, comes shortly after Step’s $50 million Series B, announced at the end of last year after the startup hit half a million users in only two months post-launch. The new round...

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Mobile bank Current raises $220 million Series...
U.S.-based challenger bank Current, which has now grown to nearly 3 million users, announced this morning it has raised a $220 million round of Series D funding, led by new investor Andreessen Horowitz (a16z). The funding swiftly follows Current’s $131 million Series C at the end of last year, at which point the company had doubled its user base over just six months to over 2 million users. As a result of the new roud, the fintech company has...

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Founders who don’t properly vet VCs set...
Andrés Dancausa Contributor Andrés Dancausa is fund partner, EMEA for operator-led international investors TheVentureCity. Before entering the world of VC, he was the CEO of a Spanish fintech company and launched his own startup in the edtech space. There’s a disconnect between reality and the added value investors are promising entrepreneurs. Three in five founders who were promised added value by their VCs felt duped by their negative experience. While this feels like a letdown by investors, in reality,...

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How Brex more than doubled its valuation...
Brex, a fintech company that provides corporate cards and spend-management software to businesses, announced earlier today that it closed a $425 million Series D round of capital at a valuation of around $7.4 billion. The new capital came less than a year after Brex raised $150 million at a $2.9 billion pre-money valuation. So, how did the company manage to so rapidly boost its valuation and raise its largest round to date? TechCrunch spoke with Brex CEO Henrique Dubugras...

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n8n raises $12M for its ‘fair code’...
As businesses continue to look for better ways to work more efficiently, a pioneer in the space of low-code tools to help automate how apps work together is announcing a round of funding on the back of impressive early traction. Berlin-based n8n — which provides a framework for both technical and non-technical people to synchronize and integrate data and workflows — has raised a $12 million in a Series A round of funding. The startup plans to use the...

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Crusoe Energy is tackling energy use for...
The two founders of Crusoe Energy think they may have a solution to two of the largest problems facing the planet today — the increasing energy footprint of the tech industry and the greenhouse gas emissions associated with the natural gas industry. Crusoe, which uses excess natural gas from energy operations to power data centers and cryptocurrency mining operations, has just raised $128 million in new financing from some of the top names in the venture capital industry to...

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