The fund, which brings the amount managed by the Nokia-sponsored firm to more than $1bn, will look to invest in a wide range of internet of things technologies.
Nokia Growth Partners (NGP), the venture capital firm sponsored by communications equipment maker Nokia, closed a $350m fund on Saturday that will invest in internet of things (IoT) technology companies.
The fund will back companies developing connected enterprise, consumer solutions, connected car and digital health technologies, in addition to those based on capabilities in big data and analytics.
IoT technology is used by Nokia in secure connectivity for its networks, as well as distributed cloud products and platforms that have…
