Nokia adds $150M to Nokia Growth Partners fund

by Antti Vilpponen (@vilpponen) on July 31, 2008 — Leave a Comment

TechCrunch has the story that Nokia has just added $150M to Nokia Growth Partners fund. The total capital in the fund is at the moment around $250 million. Some of the companies the fund has invested into in the past that have made it are BitBoys (sold for $44M), Global Locate ($143M) and Coding Technologies ($250M).

The focus of the investments, according to TechCrunch, are now in China and India. Not a bad strategy as Nokia hasn’t been all that strong in the US, where the iPhone is reaping success.

Looking for a job? Hiring? Check out the ArcticStartup Job Board

Add your comment

We all love to debate and discuss the issues and that's fine as long as we play nice. Please don't use your company name or sign comments, especially with your url, since that comes across as spam. Preferably use your real name or initials. Thanks. Avatars are enabled by Gravatar

Required

Required, will not be published

Notify me by email when new comments are added