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 50% year-over-year (3 deals in the last 12 months). Average disclosed round size is $169.8M (across 33 rounds with reported amounts).
Portfolio
28
Fund Size
—
Top Stage
Series B
Last 12 Mo
3
Team
MW
Matthew Watson
Partner
TS
Tarun Sharma
Partner
MK
mis Khafil
Vice President
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
39 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 ORAN Development Company, LLC | Series A | $45M | Mar 2026 |
 Nscale | Series C | $2B | Jan 2026 |
| ORAN Development Company, LLC | Series A | — | Jan 2026 |
 NestAI Oy | Growth | $115M | Nov 2025 |
| NNscale Global Holdings Limited | Series C | $433M | Oct 2025 |
| Nscale | Series B | — | Sep 2025 |
| Nscale | Growth | $1.7B | Jan 2025 |
 Shadowfax | Series F | $16.8M | Jan 2025 |
| Nscale | Series A | — | Dec 2024 |
| Shadowfax | Series E | $100M | Feb 2024 |
 Lablabee | Pre-Seed | — | Sep 2022 |
 ICEYE | Series C | $87M | Sep 2020 |
| Shadowfax | Series D | $60M | Dec 2019 |
 CLUE | Series B | $20M | Jan 2019 |
 GetYourGuide | Series D | $75M | Nov 2017 |
| ICEYE | Series F | $8.5M | Jan 2017 |
 Vida | Series B | $18M | Dec 2016 |
 Clue | Series B | $20M | Nov 2016 |
 Zoomcar | Series B | $24M | Aug 2016 |
 Cedexis | Series B | $22M | Jan 2016 |
| GetYourGuide | Series C | $50M | Nov 2015 |
 Citymaps | Series A | $6M | Feb 2015 |
| Citymaps | Growth | — | Feb 2015 |
 Moovit | Series C | $50M | Jan 2015 |
 yPlan | Series B | $24M | Nov 2014 |
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Top Co-Investors
Qualcomm Ventures5 shared
Aker ASA4 shared
NVentures4 shared
G Squared3 shared
Savano Capital Partners3 shared
Point72 Private Investments3 shared
NGP Capital3 shared
Cisco Investments3 shared
August Capital3 shared
Tesi3 shared
Blue Owl Capital3 shared
Dell3 shared
Sequoia Capital2 shared
KKR2 shared
Sunstone Partners2 shared
Spark Capital2 shared
Eight Roads2 shared
Florence Capital2 shared
Dell Technologies Capital2 shared
Last updated: 20 October 2026