Nokia launches $250m fund

NGP, founded in 2005, will continue to invest in high potential businesses within the mobile ecosystem in the US, Europe and Asia.

Companies the fund has invested in include Morpho, Swype and SponsorPay. NGP has a total of $600m under management and typically invests between $5-15m per transaction as a lead investor.

NGP also expanded its presence in China by appointing David Tang as managing director and Lu Guo as principal. Both senior hires will be based in Beijing.

Tang joins from computer components specialist AMD, where he was corporate senior vice president and president of AMD China. Guo joins from Keytone Ventures where he was vice president responsible for mobile and internet investments.

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• Topics
• Fundraising
• Venture
• Finland