Nokia Venture Partners, a leading global venture capital firm focused on early-stage technology companies, expanded its global presence on July 19 last, with the opening of its office in New Delhi. This office opening highlights the importance of the growing Indian market and Nokia Venture Partners” commitment to it. The announcement follows Nokia Venture Partners’ $10 million investment in Pune based Nevis Networks, a startup company developing a new class of enterprise security solutions.
Nokia Venture Partners began to explore an office the Asia Pacific region in 2001 after the firm closed its second fund. Since then it has helped portfolio companies pursue business opportunities in Japan, Greater China, Korea and India.
“India is known for its vast pool of entrepreneurial talent and we hope to continue investing in emerging Indian companies,” said John Malloy of Nokia Venture Partners.
“I am looking forward for helping current and future portfolio companies establish business opportunities in the large and fast growing Indian market,” said Sujit Banerjee “of Nokia Venture Partners.
Nokia Venture Partners has funded more than 40 companies in the mobile infrastructure, components, software, applications and services sectors. Portfolio companies originated from the US, the UK, Germany, Finland, Iceland, India, Israel, and South Korea.
Launched in 199S, Nokia Venture Partners has a strong track record of leveraging its combined resources, experience and contacts to help build successful mobile businesses. The firm also has offices in Washington DC, London, Helsinki, Hertzelia, Seoul, Hong Kong, New Delhi and Tokyo. For more information, visit.