Telenor and CP Group are considering setting up a corporate venturing fund with up to $200m in capital as part of a potential merger of their Thai telecoms units.

Corporate-backed communications monetisation technology developer Matrixx Software raised $50m from Francisco Partners while cancer drug developer Abalos took the same in a BIVF-backed round.

Mobiliar took part in a $35m round for medicine transportation system developer SkyCell while Nice Investment co-led wealth management software provider Fount's $33.4m series C.

Quanta Services is contributing to a PIPE deal for the IAC-backed internet service provider’s reverse takeover valuing the combined business at $1.66bn.

Eutelsat has committed additional cash to the LEO satellite internet technology developer, increasing its stake to 22.9% to become its second largest shareholder.

SoftBank’s SB Opportunity Fund took part in international staffing services provider Ontop's $20m series A round while Emtek bcame digital payment processor Nium's latest corporate shareholder.

SoftBank and Deutsche Telekom were among the participants in the first funding round to be disclosed by the internet-of-things connectivity provider.

Sector report: Telecoms

Online furniture retailer Gaia, warehouse robot provider Locus Robotics, recruitment platform developer Canvas and ESG software producer Measurabl all raised $50m.

Q&A with Jay Crone and Jon Wolkin, directors, Telus Ventures