Network technology provider Altiostar has closed a $114m series C round after Rakuten added to Qualcomm Ventures and Tech Mahindra's contributions.
Axiata Digital will divest a 30 company-strong corporate venturing portfolio valued at $140m to Pegasus 7 Ventures, an investment firm run by one of its ex-executives.
The conglomerate's $150m investment fund will seek out startups developing disruptive technologies relevant to its subsidiaries, which will provide the capital for the Kickstart Ventures-managed fund.
Loon, the Alphabet subsidiary developing high-altitude internet connectivity systems, has raised $125m from SoftBank-backed joint venture HapsMobile.
Existing investors Aurora and Fosun RZ Capital both contributed to a $14.9m round that was co-led by Mandra Capital and Haitong Creative Capital.
Marc Sabas has left his head of business development and partnerships position at Telefónica to accept a principal role at Centrica Ventures.