Menlo Park, Calif. - Nokia (NYSE: NOK) announced on Thursday has committed an additional $150 million to its venture capital arm, Nokia Growth Partners, increasing the funds under the Menlo Park, Calif.-based firm's management to $250 million.

The unit now plans to establish direct operations in India and China, and augment investment activity in the U.S. and Europe.

Nokia Growth Partners portfolio companies include Coding Technologies, Kyte, ViVOtech and Bitboys.

The firm has also invested over $600 million into a number of early-stage venture funds, including BlueRun Ventures, Founders Fund, Gobi Partners, Magma Venture Partners, Oak Hill Capital Partners and Technology Crossover Ventures.

Related Links:
http://www.nokia.com/A4136001?newsid=1239439

http://www.nokiagrowthpartners.com