Nokia has committed another $250 million to its venture funding arm, Nokia Growth Partners, the company announced today.
With that sum, Nokia Growth Partners members will be able to invest in "high potential businesses within the mobile ecosystem." The venture capitalists will focus their efforts in the U.S., Europe, and Asia.
China could be an important opportunity for Nokia, so the company has expanded its presence there by appointing former AMD China president David Tang as managing director. Lu Guo, former Keystone Ventures vice president, will act as principal in China.
Nokia's latest fund is its … Read more