Nokia Growth Partners Launches Third Fund Backed By $250M From Nokia, Expands In China

Nokia's venture capital arm Nokia Growth Partners (NGP), which was founded back in 2005 and invests in mobile-related ventures in the U.S., Europe and Asia, has launched its third fund -- back by a further $250 million long term commitment from Nokia. The VC firm is also expanding its presence in China with the appointments of David Tang as MD and Lu Guo as principal.

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