Telecoms

Last week, Global Corporate Venturing reported several interesting and sizeable transactions in the e-commerce space from around the globe.

Large rounds tend to be raised by companies based in the US and China, more so than other parts of the world. China-based businesses also tend to raise much larger rounds.

Last-mile delivery company Glovo raised $134m in a round backed by online retailer Rakuten and restaurant operator AmRest. The latter contributed $29m of the total funding.

Booking provided ride services company Didi Chuxing with additional funding as part of a strategic partnership

GV and SoftBank-backed Dialpad has boosted its total funding to $120m after securing capital in a series D round led by Iconiq Capital.

Booking Holdings has provided more funding for Didi as part of a strategic partnership, as the latter looks to spin off its vehicle services arm in an IPO sized at up to $1.5bn.

Companies developing energy storage technologies, a strategic target of oil and gas producer as well as carmakers, have been mentioned over the news in the past weeks, indicating expected growth of commitments in this space.

Swisscom has committed about $50m with the Digital Transformation Fund sourcing the rest from institutional investors.