Press Release
Nokia commits $400m to NGP Capital for investments in game-changing growth companies
-
New venture fund, Fund V, launched by NGP Capital, with Nokia as a sole investor
-
Fund will support Nokia’s technology leadership for the 5G era and beyond by investing in promising Edge Cloud, Cybersecurity, Digital Industry and Digital Transformation growth stage companies
-
Investments will encourage financial growth, ecosystem expansion and the exploration of ground-breaking technologies and business models
3 February 2022
Espoo, Finland – Nokia today announced its commitment to NGP Capital’s Fund V, a new $400m venture fund that will focus on promising, growth stage companies. The fund’s emphasis on companies developing emerging 5G use cases for industrial and business transformation aligns closely with Nokia’s technology leadership vision and its efforts to maximize the value shift towards cloud.
Aiming to establish new partnership opportunities, the fund will invest in private companies that generate attractive financial returns and are strategically relevant to Nokia. Target…
