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Nokia invests US$250m in venture funding

Publish Date : 30-Jan-2013

Finnish mobile phone maker Nokia said on Tuesday it would invest US$250 million in a new venture fund for mobile technology startups.

It would be the third fund for Nokia Growth Partners, Nokia\'s global venture firm which invests in mobile hardware and component companies as well as digital advertising startups.

Nokia Growth Partners had US$600 million under management, according to its website.

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