Nokia Launches $500M Fund for Mobile Start-Ups

Share this content:
Nokia, the worldwide supplier of mobile phones, announced a new $500 million fund yesterday to invest in start-up Internet mobile companies.


Nokia said that unlike its first fund started two years ago, it has invested in the fund along with Goldman Sachs, BMC Software, CDBWebtech and others.


The Finnish-based company "is very committed to expanding our venture capital activities, given the excellent return on investment so far and the exposure we have had to new, innovative technologies and developments in the Internet economy,'' said Pekka Ala-Pietila, president of Nokia.


The new and old funds together have backed more than 25 companies from the United States, United Kingdom, Germany and Finland. The fund will have an increased focus on Israel and the Asia Pacific region, according to the company.


Nokia Venture Partners is based in Menlo Park, CA.
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above