Transport

Ford Smart Mobility led the car sharing company's $24m funding round, confirming initial reports in July 2016, with participation from Nokia Growth Partners.

The digital health fund, launched by Astellas Pharma and MPM Capital late last month, will initially look to invest up to $6m in two to three deals per year.

General Motors' corporate venturing unit has not replaced European representative Jerneja Loncar, now an entrepreneur-in-residence at GM Entrepreneurs, in lieu of focusing on China, Israel and the US.

Conglomerate Macrolink has invested $50m in the smart car development branch of technology group LeEco, which is already working with partners Aston Martin and Faraday Future.

The corporates have made strategic investments in the 3D sensor and mapping technology producer, as they continue development of their individual driverless cars.

The State of Startup/Corporate Collaboration 2016 report suggests 67% of corporates prefer early interaction, with 82% saying interaction was at least somewhat important.

GM reportedly approached Lyft, in which it holds a 9% stake, over an acquisition in recent weeks only to be rejected by the ride ordering platform, valued at $5.5bn in January.

Turner's strategic investment as part of a $45m round for Refinery29 is part of an ongoing trend that likely spells the end for what we think of as 'old media'.

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

Mantis, the operator of bus ticket platform Travelyaari, has taken its 2016 funding to $10m and will spend the cash on product and network development.