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Nokia (NYSE:NOK): Current Price $4.25
Global venture firm Nokia Growth Partners announces an additional $250 million long-term commitment from Nokia (NYSE:NOK), allowing the creation of its third fund. “Over the past decade, Nokia has developed an innovative venturing strategy,” said Timo Ihamuotila, Nokia Executive Vice President & Chief Financial Officer. “Our ongoing commitment to Nokia Growth Partners reinforces Nokia’s support for a vibrant mobile ecosystem and our determination to collaborate with industry innovators to build great mobile products. Over the past decade, Nokia has developed an innovative venturing strategy.” Nokia Growth Partners also announced the appointment of two senior hires in David Tang and Lu Guo, previously of AMD and Keystone Ventures, respectively.