Pear, the venture firm formerly known as Pejman Mar Ventures, has secured New York Life Insurance as a limited partner for its $75m second fund.

Indian state-owned petroleum producer Oil and Natural Gas Corporation will invest in innovative seed-stage startups and also provide mentoring and resources.

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

The telecom companies' corporate venturing units, Telstra Ventures and Metra Digital Investama, have agreed to collaborate on Southeast Asian startup funding.

The property developer's corporate venturing unit will double the initial funding available for each participant in Property Innovation Labs' accelerator.

The telecom and internet group has opened the second round of its joint prototyping and development scheme, SoftBank Innovation Program.

The $500m Innovation Fund formed by Infosys will make its second investment in a venture capital fund, providing up to $15m for India-based Stellaris Venture Partners.

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

The core team involves Mathias Imbach, who has been associated with RNT Associates, Mayank Singhal, who previously worked as an associate director at Singapore investment firm Temasek and, from the University of California side, Tim Recker, a source told Deal Street Asia.