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Nokia raises USD 350 mln investment fund for IoT companies

Monday 22 February 2016 | 01:03 CET | News
Nokia's investment fund NGP (Nokia Growth Partners) has closed a new USD 350 million fund for investments in IoT companies. The fund is sponsored by Nokia and will serve to identify new opportunities to grow the ecosystem in IoT services. The fund IV commitment brings NGP's total assets under management to over USD 1 billion, including USD 500 million available for new investments.

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Categories: Internet / IT
Companies: Nokia
Countries: World
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