A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

CrunchBase has drawn up a term sheet for up to $7m of funding and AOL will reportedly remain a significant investor.

SevenOne Media and Otto Group-backed venture firm E.Ventures both took part in a series B round for TVSmiles, which rewards users for watching advertisements.

The Legend-backed startup released its smart smoke alarm conversion kit at the same time as it revealed a $5.5m series A round featuring USAA.

The company, which is developing a device to treat heat valve diseases, secured the cash in a round backed by Elron Electronic Industries and HTGF.

Qnovo has developed software to increase battery performance, and will use the cash to support a commercial launch of smartphones using the technology.

Google Ventures returned to back a second round for the startup, which is building an app helping mobile users in emerging markets access cheaper data plans.