Saturday, February 20, 2016

#MWC16 - Nokia Launches $350 Million IoT Venture Fund

Nokia Growth Partners (NGP) has launched a new US$350 million investment fund focused on IoT companies.

The fund IV commitment brings NGP’s total assets under management to over USD 1 billion, including USD 500 million available for new investments.

"The $350 million Internet of Things investment fund, tasked with finding and funding the best entrepreneurs across the world, reflects our strong intent to be a leader in the technologies that connect people and things, while establishing successful partnerships for both Nokia and the investee companies,” said Nokia President and CEO Rajeev Suri.

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