Nokia invests $250 million in venture funding
HELSINKI (Reuters) - Finnish mobile phone maker Nokia (NOK1V.HE) said on Tuesday it would invest $250 million in a new venture fund for mobile technology startups.
It would be the third fund for Nokia Growth Partners, Nokia's global venture firm which invests in mobile hardware and component companies as well as digital advertising startups.
Nokia Growth Partners had $600 million under management, according to its website.
(Reporting by Ritsuko Ando; Editing by Mark Potter)
- Tweet this
- Share this
- Digg this
Trending On Reuters
President Barack Obama vowed on Friday to respond to a devastating cyberattack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for caving in to what he described as a foreign dictator imposing censorship in America. Full Article