Microsoft Corp’s $7.2bn acquisition of the phone business of Finland-based, mobile phone maker Nokia does not include Nokia’s venture capital division, Nokia Growth Partners.

Nokia Growth Partners currently has 27 active investments in mobile start-ups and raised a $250 million third fund from its sole limited partner Nokia at the beginning of 2013.  Approximately three-quarters of the portfolio companies have a strategic, supporting relationship with Nokia.

Nokia, formerly a gumboot maker, has been left with its networking equipment unit Nokia…

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