Robert Bosch's corporate venturing unit recently launched a $170m third fund, and China and agribusiness startups are on the menu, according to managing director Ingo Ramesohl.

Robert Bosch Venture Capital (RBVC) is expanding to China with its third fund and is also looking to invest more in agribusiness startups, managing director Ingo Ramesohl told Global Corporate Venturing.

Industrial product manufacturer Robert Bosch formed RBVC in 2007 to bolster its innovation by accessing promising startups and investing in strategically beneficial venture capital funds.

RBVC recently launched its third fund, with $170m of capital, and the unit provides up to €5m ($5.7m) at a time for startups developing…