Say WOW

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.

 
The era of the European insurtech IPO...
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...

Read More

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

Read More

Healthcare is the next wave of data...
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,...

Read More

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

Read More

Fintech startups set VC records as the...
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...

Read More

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

Read More

 
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...

Read More

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...

Read More

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...

Read More

 
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...

Read More

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...

Read More

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...

Read More

 
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 —...

Read More

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...

Read More

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...

Read More