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Nokia, a global telecommunications giant, has ventured into the African startup ecosystem through its investment arm, Nokia Growth Partners (NGP). NGP focuses on early-stage Venture rounds, with a focus on technology startups like Virtual City. Nokia's deep understanding of the African telecom market and its commitment to fostering innovation make it a unique player in the African investment landscape.

Nokia's Portfolio in Africa

Nokia has made over 1 notable investments in African startups. Their most recent investment was in Virtual City, announced on September 15th, 2010.
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Nokia's Investment activity in Africa

With over $1M invested in African startups, their latest investment was a Venture round in Virtual City, announced on September 15th, 2010, closing at $1M.

Here are some of their investments in Africa:

RoundStartupLocationDateAmount Raised
Venture
Virtual City
KenyaSep 15, 2010$ 1,000,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000

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Nokia's Investment Distribution in Africa.

Nokia's currently has Startuup investments spread across the following location(s)

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