Skip to content
    Nokia Ventures logo

    Nokia Ventures

    Espoo, FinlandFounded 1998
    www.nokia.com/ventures
    TelecomInfrastructure & CloudCybersecurityManufacturing

    Nokia Ventures is Nokia's corporate venture arm, investing in early-stage deep tech innovations to transform them into commercial success. Established in 1998, it focuses on areas outside Nokia's core business and operates from Espoo, Finland.

    Deal activity increased 200% year-over-year (3 deals in the last 12 months). Average disclosed round size is $239.9M (across 21 rounds with reported amounts).

    Find people at Nokia Ventures on Goldilocks AI

    Portfolio

    18

    Fund Size

    —

    Top Stage

    Series B

    Last 12 Mo

    4

    Team

    MW

    Matthew Watson

    Partner

    TS

    Tarun Sharma

    Partner

    MK

    mis Khafil

    Vice President

    EA

    Erkki Aaltonen

    Business Analyst

    MQ

    Minh Q. Tran

    Investment Professional

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    23 investments
    CompanyRoundAmountDate
    OORAN Development Company, LLCSeries A$45MMar 2026
    NNscale LimitedSeries C$2BJan 2026
    NestAI Oy logoNestAI OyGrowth$115MNov 2025
    nscale logonscaleSeries B—Sep 2025
    nscale logonscaleGrowth$1.7BJan 2025
    NNscale LimitedSeries A$155MDec 2024
    Shadowfax logoShadowfaxSeries E$100MFeb 2024
    Lablabee logoLablabeePre-Seed—Sep 2022
    Shadowfax logoShadowfaxSeries D$60MDec 2019
    GetYourGuide logoGetYourGuideSeries D$75MNov 2017
    Vida Health logoVida HealthSeries B$18MDec 2016
    Clue logoClueSeries B$20MNov 2016
    Zoomcar logoZoomcarSeries B$24MAug 2016
    Cedexis logoCedexisSeries B$22MJan 2016
    GetYourGuide logoGetYourGuideSeries C$50MNov 2015
    Citymaps logoCitymapsSeries A$6MFeb 2015
    Moovit logoMoovitSeries C$50MJan 2015
    YPlan logoYPlanSeries B$24MNov 2014
    Retailnext logoRetailnextUnknown$30MJul 2014
    Mag Interactive logoMag InteractiveSeries A$6MNov 2013
    Cloudmark logoCloudmarkGrowth$23MJan 2010
    LLightningcastUnknown$15.5MJan 2001
    nscale logonscaleGrowth$500M—

    Top Co-Investors

    NVentures4 shared
    G Squared3 shared
    Aker ASA3 shared
    Point72 Private Investments3 shared
    Qualcomm Ventures3 shared
    Savano Capital Partners2 shared
    Sequoia Capital2 shared
    KKR2 shared
    Sunstone Partners2 shared
    Spark Capital2 shared
    Eight Roads2 shared
    APEX Ventures2 shared
    Cisco Investments2 shared
    Blue Owl2 shared
    Dell2 shared
    Empire Angels1 shared
    Battery Ventures1 shared
    NGP Capital1 shared
    Highland Europe1 shared
    Flipkart Ventures1 shared

    Last updated: 8 September 2026