NGP Capital (Nokia)

NGP Capital is Nokia's corporate venture arm, headquartered in Helsinki and managing $1.6B in AUM. Fund V committed $400M from Nokia in 2022. The thesis is The Great Convergence: the merging of physical and digital worlds. Focus areas span Connected Enterprise, Connected Car, and Digital Health, supported by data, analytics, cybersecurity, industrial tech, and robotics. Across 107 investments since 2005, NGP has logged 62 exits and 17 unicorns. Portfolio names include ANYbotics in industrial robotics, Xona Space Systems in satellite navigation, Tractian in industrial maintenance, and SecurityScorecard.