October 28, 2016 2:35 PM ET

Capital Markets

Company Overview of Nokia Growth Partners

Company Overview

Nokia Growth Partners operates as an investment arm of Nokia Corporation. Nokia Growth Partners is a venture capital arm of Nokia Corporation specializing in direct and fund of funds investments. For direct investments, it invests in growth capital and seed/startups, mid to late venture, and growth stage (series B, C, and beyond). The fund seeks to invest in venture capital and private equity funds while making fund of fund investments. In direct investments, the firm typically invests in following sectors: mobile enterprise; adtech, applied data and analytics, connected enterprise, mobile, consumer, connected car, local commerce, mobile messaging, digital advertising, media and entertainmen...

418 Florence Street

Palo Alto, CA 94301

United States

Founded in 2005

Key Executives for Nokia Growth Partners

Managing Partner, Founding Partner, and Partner
Chief Financial Officer
Operating Partner
Age: 54
Managing Director and Partner
Compensation as of Fiscal Year 2016.

Nokia Growth Partners Key Developments

Nokia Growth Partners Seeks Investments

Nokia Growth Partners raises $350 million investment fund for investments in Internet of Things companies. The fund is sponsored by Nokia Corporation (HLSE:NOKIA) and will serve to identify new opportunities to grow the ecosystem in IoT solutions. The fund will invest in promising companies. "The $350 million Internet of Things investment fund, tasked with finding and funding the best entrepreneurs across the world, reflects our strong intent to be a leader in the technologies that connect people and things, while establishing successful partnerships for both Nokia and the investee companies," said Nokia President and Chief Executive Officer Rajeev Suri.

Nokia Growth Partners Announces Executive Appointments

Nokia Growth Partners appointed Todd Forrest as Operating Partner and Bryan Biniak as an Entrepreneur in Residence. Todd Forrest brings more than two decades of financial operating experience, including 12 years in private equity and the venture industry. Previously, he was Partner and CFO of JH Partners. Bryan Biniak is joining NGP from Microsoft where he most recently served as general manager of the worldwide developer ecosystem and application marketplace for its smartphones and feature phones.

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