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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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Benepass raises $2.4 million to help employees...

May 26, 2020

Tax-advantaged benefits, like flexible spending accounts, can save employees in the United States thousands of dollars annually, and reduce the amount of payroll taxes companies pay. But those benefits are often underutilized, simply because they can be confusing to navigate. Benepass wants to make the process easier with a mobile app that centralizes all of an employee’s tax-advantaged accounts, and is linked to physical and virtual payment cards. The startup announced today that it has raised a $2.4 million...

Cloud canteen startup Feedr has been acquired...

May 26, 2020

Feedr, the food tech startup that delivers personalised meals to office workers as an alternative to companies setting up their own canteens, has been acquired by Compass Group, the publicly-listed foodservice company. The price is described as “in the region” of $24 million, while I understand the the deal between the two companies was completed in early March 2020. Compass Group says the purchase of Feedr will help accelerate its digital transformation, and — amidst the coronavirus crisis —...

China Roundup: A blow to US-listed Chinese...

May 24, 2020

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a tumultuous week for Chinese tech firms abroad: Huawei’s mounting pressure from the U.S., a big blow to U.S.-listed Chinese firms, and TikTok’s high-profile new boss. China tech abroad Further decoupling Over the years, American investors have been pumping billions of dollars into Chinese firms listed in...

The Station: Hertz files for bankruptcy, hailing...

May 24, 2020

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station. Memorial Day is this coming Monday, a holiday meant to honor military personnel who died while serving in the U.S. Armed Forces. Over the years, it has evolved for many Americans who use the three-day weekend to fire up the grill, go camping, head to the...

Xiaomi’s investment house of IoT surpasses 300...

May 22, 2020

Xiaomi, the Chinese comapny famous for its budget smartphones and a bevy of value-for-money gadgets, said in a filing on Thursday that it has backed more than 300 companies as of March, totaling 32.3 billion yuan ($4.54 billion) in book value and 225.9 million yuan ($32 million) in net gains on disposal of investments in just the first quarter. The electronics giant has surely lived up to its ambition to construct an ecosystem of the internet of things, or...

Create a 90-day timeline after fundraising to...

May 21, 2020

Medha Agarwal Contributor Medha Agarwal is a former founder and an early-stage investor at Redpoint Ventures, working with entrepreneurs focused on fintech, marketplaces and the future of work. As the coronavirus pandemic has disrupted the nature of businesses and the way we work, it’s making even more clear how important communication is when it comes to effective collaboration. I’ve been reflecting on this a lot, particularly with regard to building great relationships between founders and investors, because we’ve recently...

Aspiration, the LA-based fintech focused on conscious...

May 21, 2020

When former Bill Clinton speechwriter and political wunderkind Andrei Cherny launched Aspiration four years ago, the upstart fintech startup was one of Los Angeles’ early entrants into a financial services market dominated by players from Europe and the financial capital of the U.S. in New York City. Fast forward four years and the big New York fintechs are still around, but Cherny’s Aspiration remains undimmed and has today disclosed a $153 million funding round to get even bigger. Unlike...

Crypto Startup School: How to scale companies...

May 20, 2020

Zoran Basich Contributor Zoran Basich is the crypto editor for Andreessen Horowitz. More posts by this contributor Crypto Startup School: A new type of computer drives waves of innovation Editor’s note: Andreessen Horowitz’s Crypto Startup School brought together 45 participants from around the U.S. and overseas in a seven-week course to learn how to build crypto companies. Andreessen Horowitz is partnering with TechCrunch to release the online version of the course over the next few weeks. In week two...

Monzo co-founder Tom Blomfield moves from UK...

May 20, 2020

More than five years after starting the company, Monzo co-founder Tom Blomfield is stepping down as CEO of the U.K. challenger bank to take up the newly created role of president. Current U.S. CEO, TS Anil, will become the new “Monzo UK Bank CEO,” subject to regulatory approval, and for now will hold both U.K. and U.S. roles. Anil previously held exec roles at Visa, Standard Chartered Bank and Citi, and therefore brings a ton of banking and financial...

Human Interest tacks on $10M more to...

May 20, 2020

The COVID-19 pandemic is making life worse for many startups, but not all. Those benefiting are often taking advantage of the market updraft to add more capital to their accounts. Robinhood, for example, saw usage of its consumer fintech product rise rapidly. Then the company raised a Series F worth $280 million at a new, higher valuation. Another startup has done something similar. Human Interest, a finservices 401(k) provider for SMBs, added $10 million to its Series C today....

Plaid launches Plaid Exchange to help banks...

May 20, 2020

Plaid, the fintech company that is in the process of being acquired by Visa for $5.3 billion, is launching Plaid Exchange this week. Plaid is mostly known for its range of APIs that let developers access banking information. This time, with Plaid Exchange, the company wants to help financial institutions directly so that they can build and maintain an API that other developers can use. An API is an interface that lets two services interact with each other. If...

AngelList India head Utsav Somani launches micro...

May 20, 2020

As investors get cautious about writing new checks to early stage startups in India amid the coronavirus outbreak, AngelList’s head in India is betting that this is the right time to back young firms. On Wednesday, Utsav Somani announced iSeed, a micro VC fund to back up at least 30 startups over the course of two years. iSeed, which is not affiliated with AngelList, is Somani’s maiden venture fund. In an interview with TechCrunch, Somani said he would write...

Facebook and Instagram roll out Shops, turning...

May 19, 2020

Starting today, you’ll be able to browse and buy products directly from a business’ Facebook Page or Instagram profile. Both Facebook and Instagram already supported a degree of e-commerce — for example, Facebook has its Marketplace and will likely make a bigger push through its Libra cryptocurrency initiative, while Instagram allows users to buy products featured in posts and ads. But the company’s new tools go further, enabling businesses to create a full-fledged Facebook Shop. After all, the pandemic...

UK Angels still active during Lockdown —...

May 18, 2020

A survey of UK Angel investors regarding their investment strategy during the COVID-19 pandemic has found that over 65% of Angels investors are continuing to invest in startups during Lockdown, but with predominantly new deals. Many are completing more deals and increasing their cheque size by as much as 18%. However, the pandemic has reduced their total capital to invest in 2020 by just over 61%, while just under 60% think the effects of COVID-19 will negatively affect their...

Buzzy Ethereum wallet app Argent comes out...

May 18, 2020

Argent is launching the first public version of its Ethereum wallet for iOS and Android. The company has been available as a limited beta for a few months with a few thousand users. But it has already raised a seed and a Series A round with notable investors, such as Paradigm, Index Ventures, Creandum and Firstminute Capital. Overall, the company has raised $16 million. I managed to get an invitation to the beta a few months ago and have...

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