Nokia Adds $150M for Startups

Medford, Cassimir
July 2008
Red Herring;7/31/2008, p4
Trade Publication
The article reports on the additional fund placed at Menlo Park, California-based Nokia Growth Partners, the U.S.-based venture capital arm of cell phone giant Nokia. Nokia invests both directly through Nokia Growth Partners and through other venture funds such as Blue Run Venture. More than $600 million has been invested by the handset maker in independent venture funds and will commit an additional $100 million. Chief financial officer Rick Simonson said they invest with the primary goal of superior financial return.


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