Nokia invests $250 million in venture funding

HELSINKI Tue Jan 29, 2013 2:29pm IST

General view of the Nokia flagship store in Helsinki July 18, 2011. REUTERS/Jussi Helttunen/Lehitikuva/Files

General view of the Nokia flagship store in Helsinki July 18, 2011.

Credit: Reuters/Jussi Helttunen/Lehitikuva/Files

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

SpaceShip Crash

Reuters Showcase

Hack Attack

Hack Attack

J.P. Morgan found hackers through breach of corporate event website - WSJ.  Full Article 

Fighting Back

Fighting Back

Samsung Elec seeks China comeback with first metallic smartphones.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay".  Full Article 

Glowing Flower

Glowing Flower

Video: Genetically altered glowing flower on display in Tokyo.  Video 

Cloud Solutions

Cloud Solutions

Tencent teams up with IBM to offer business software over the cloud.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage