Nokia Growth Partners

NGP Capital, formerly Nokia Growth Partners, is a global venture capital firm specializing in early-stage B2B technology investments.

Corporate VC Palo Alto, United States Est. 2005
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Last updated 2026-07-23
Portfolio
2
in our dataset
Rounds participated
2
Rounds led
1
Rounds' value
$97.0M
total disclosed, rounds participated
Stages
Series A, Series B, Series C

About

NGP Capital, founded in 2005 as Nokia Growth Partners, is a global venture capital firm with over $1.6 billion under management, fully funded by Nokia. The firm focuses on early-stage B2B technology investments from Series A onwards, particularly in enterprise software, industrial technology, and cybersecurity. NGP Capital operates with a global presence, including offices in Palo Alto, Berlin, Helsinki, Stans (Switzerland), and Hong Kong, and has a strategic focus on investments across Europe, Israel, and the United States.

Portfolio · 2

Moovit
A mobility as a service (MaaS) provider and journey planner app for urban transit.
Led ★ 1 round $50.0M committed Latest: 2015-01
Kaltura
Provider of video solutions for webinars, events, hubs, and virtual classrooms.
1 round $47.0M committed Latest: 2014-02

Q&A

What is NGP Capital's primary investment focus?
NGP Capital, formerly Nokia Growth Partners, specializes in early-stage B2B technology investments, particularly in enterprise software, industrial technology, and cybersecurity.
What is NGP Capital's total Assets Under Management (AUM)?
NGP Capital has over $1.6 billion under management, fully funded by Nokia.
What is NGP Capital's investment thesis?
NGP Capital's investment philosophy, known as "The Great Convergence," focuses on B2B companies that are merging the physical and digital worlds, with an emphasis on IoT, autonomous systems, edge computing, and AI-enabled enterprise software.
What investment stages does NGP Capital typically target?
NGP Capital primarily targets Series A, Series B, and Series C investment rounds.
What is the typical check size for NGP Capital investments?
NGP Capital typically invests between $5 million and $15 million per company.
Which geographies does NGP Capital prefer for investments?
NGP Capital has a strategic focus on investments across North America, Europe, Asia, and Israel.
When was NGP Capital's most recent fund raised?
NGP Capital raised its Fund V in 2022, with a size of $400 million.
What are some of the key sectors NGP Capital prefers to invest in?
NGP Capital prefers sectors such as Business Software, Industrial Technologies, Cyber Security, and Aerospace, Defense & HLS.
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