Telecoms

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.

Lithium mining process developer Lilac completed its series B round, which received backing from a several corporates. A sizeable round like this has been somewhat rare to see from the mining space, which has been so far somewhat neglected by corporates.

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.

Online reselling platform developer Meesho attracted corporate investors Facebook, SoftBank and Prosus Ventures for a multimillion-dollar round, valuing it at $4.9bn.

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

Monthly data: July-August 2021

Comment by James Mawson, editor-in-chief, Global Corporate Venturing, Stefan Gabriel, CEO, Hitachi Ventures, Kenichi Funaki, deputy general manager for the corporate venturing office, Hitachi

Innovative region: Japan

Sector report: Telecoms

Last month, Jeff Herbst departed from US-headquartered semiconductor technology provider Nvidia, where he had led its business development activities and corporate venture capital (CVC) unit Nvidia GPU Ventures for two decades starting in 2001.