Holt Ventures is set to invest in technologies and startups that focus on the industrial and manufacturing sectors.

The deal will enable GE Healthcare to tap into the early-stage healthcare and wellness sector worth an estimated $28bn globally.

BMW iVentures is establishing a $530m fund as it moves its headquarters from New York to Palo Alto to be closer to potential investees and drive an international expansion.

The telecoms provider has joined Mountain Partners and Kejora Ventures to launch Ideabox Ventures, a VC firm offering pre-series A capital to startups.

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

Greg Peet and Glenn Walsh each donated $700,000 to the fund, which has so far seeded 12 ventures generating combined revenues of $6m in 2016.

Wenjie Wu has left Ctrip for Baidu's $3bn corporate venturing fund, where she will also head up a travel-themed fund partnership between the two companies.

The UK-based pharmaceuticals company joins an investor group that includes Biogen, GlaxoSmithKline, Johnson & Johnson, Lilly, Pfizer and Takeda.