Espoo, Finland – on the 3rd of February Nokia 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 the 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 investments will be evaluated on product-market fit, unit economics, and technology leadership. In addition, companies will be assessed on key ESG metrics, to support progress from an environmental, social, and governance perspective.
Fund V will create value for Nokia by tapping into strategic domains and generating financial investment gains, following the venture model NGP Capital has been running for Nokia since 2005.