Nokia Growth Partners, the corporate venturing arm of Finland-based communications technology manufacturer Nokia, has rebranded to NGP Capital.
Formed by Nokia in 2005, NGP focuses on mobility, digital health and connected enterprise technology, and its portfolio currently includes on-demand food provider Deliveroo, consumer electronics manufacturer Xiaomi and tourism booking platform GetYourGuide.
Companies NGP has exited during that time include India-based media company Network18, online classified listings platform Ganji, LED lighting system producer Digital Lumens and mobile advertising technology provider Fyber.
The firm said in a blog post: “Growth-stage companies deserve long-term, loyal investors that have both the ambition and the discipline to create significant financial and strategic value.
“NGP Capital reflects who we are and who we have always been – a globally engaged venture firm focused on growth-stage investing that provides entrepreneurs with capital for the long run.”