BlueRun Ventures, a venture capital (VC) firm formerly known as Nokia Venture Partners and which retains the mobile phone maker as a limited partner in its funds, has reinvested in online financial services company Payvment.
Payvment provides an e-commerce platform for social network Facebook and raised $6m in its series B round.
VC firm Sierra Ventures led the round after BlueRun had backed Payvment’s $1.5m A round last year, according to news provider VentureWire.
Formerly known as Nokia Venture Partners, BlueRun was the corporate venturing division of Finland-based mobile phone maker Nokia until 2005. Its former parent remains a limited partner in its funds.