The communications technology company's corporate venturing unit achieved big exits from UCWeb, Fyber and Network18 during 2014, also launching a $100m car technology fund.
Nokia Growth Partners (NGP), the corporate venturing arm of Finland-based smartphone maker Nokia, formed a $100m Connected Car Fund in 2014, while three of its portfolio companies were acquired for $100m+ sums.
NGP, which secured $250m from its parent company last year for its third fund, formed the Connected Car Fund in May to invest in startups developing intelligent car technology.
The fund will be run in conjunction with Nokia’s mapping technology subsidiary Here. It made its first investment…
