Hongtai Group, Phison Electronics, Taiwan Mobile, Wistron, Cathay Life, Fubon Life and TransGlobe Life all chipped into the accelerator and venture firm’s latest vehicle.

The Hanwha subsidiary is set to take an 8.8% stake in the satellite connectivity provider, helping increase its funding to $2.7bn since it was salvaged from bankruptcy last year.

Zain Ventures will provide funding for digital innovations in electronic services, and its first two investments are in Pipe and Swvl.

Rich Osborn was a GCV Powerlist 2021 award winner as head of Canada-listed telecommunications firm Telus’ corporate venturing unit.

Marlin Siahaan has taken up the CEO role at Telkomsel's corporate venturing unit and will help it raise a sophomore fund that will increase its investment scope.

Bharti Enterprises’ stake in satellite broadband system developer OneWeb will increase to 38.6% after it agreed a $500m capital injection this week.

BeiGene helped mRNA therapeutics developer Strand Therapeutics raise $52m while the Afterpay-backed AP Ventures led logistics provider Sendle's $35m series C round.

Deutsche Telekom Capital Partners invested in a series D round for the call centre technology provider led by Goldman Sachs Asset Management.

Tom Arnost had worked on merger and acquisition deals for Verizon before formally joining the corporate’s VC subsidiary last month.

Transcarent has raised $58m from Bayer and Merck, while Nvidia has bought DeepMap, one of its portfolio companies also backed by Bosch.