NGP Quick Facts

Nokia Growth Partners
19 December 2014
NGP QUICK FACTS

CHINA INDIA EUROPE US
www.morethanmoney.vc
19 December 2014 © Nokia Growth Partners
Focus
Nokia Growth Partners (NGP) is an independent fund manager sponsored solely by Nokia. NGP actively
invests in China, India, Europe and the US and focus on growth-stage investments (series B, C and beyond).
NGP backs entrepreneurs with companies that contribute to the increasingly connected world targeting
enterprise, consumer, commerce, automotive and applied data.
NGP is structured as an independent fund manager and manages several funds with Nokia as the sole
investor. The financial independence ensures high quality investments both from a strategic and a financial
point of view.
NGP has two primary criteria for investment:
1. Investments should deliver good returns.
2. Target companies should have the potential to partner with Nokia.
Differentiators
 Global Reach – NGP manages dedicated global funds with regional insight from India, China, US and
Europe. No specific fund allocation is made to the regions, all investments are done as a global team
from a global fund. Unique and proprietary insights to the markets and areas specialized in has
been built up for over a decade. NGP is one of the few truly global venture fund managers in the
world.
 Unique Hybrid VC Model – NGP has pioneered the hybrid venture capital model 2005 and has always
been operating as an external, independent fund manager backed by a sole large technology
corporate.
 Nokia - NGP is fully backed by and dedicated to Nokia.
 Thematic Investing - NGP is highly focused and offers proprietary, deep expertize in the field of
Local Commerce, Mobile Consumer, Applied Data & Analytics, Connected Car and Connected
Enterprise.
 Growth Stage - NGP invests only in established companies with a shipping product or service and a
few million in revenues. This is typically a series B, C or D round. Ticket size can vary from $5M to
$15M.
Value
NGP actively supports its portfolio companies. With twelve skilled and experienced investors based in its
target markets, NGP is deeply networked in the largest entrepreneur and venture financing communities in
the world. The investment team has over 200 years of combined investment and operational experience.
NGP can provide the companies it invests in with local market access globally along with partnerships
through own networks in the US, Europe and Asia as well as through Nokia. The mix of operational, strategic,
consulting and financial experiences offer a broad suite of support for the portfolio companies. NGP can
also help broker relationships with co-investors and potential acquirers as well as financial advisors. The
independent set-up with Nokia is unique and extensive financial rigour is applied to every deal. An NGP
investor often takes a board seat or board observer seat as part of the investment.
Investment data 2014
Has allocated over $55M in capital to 19 companies, 12 of the investments were led by NGP.
Notable exits 2014 include UCweb (China – Acquired by Alibaba for a multi-billion dollar sum, the largest
internet merger in China ever), Fyber (Germany – acquired by RNTS Media for $190M) and Network18 (India -
acquired by Reliance Technologies for $680M)

Investment data since 2005 (as of Dec 2014)
NGP has done 53 investments in growth-stage companies since 2005 and 37 follow-on financings in total.
Regional spread includes 13 investments in China, 22 in Europe, 19 in India and 35 in the US. The team has
grown from two to twelve active investors over the years, raising four funds from Nokia in total.
Notable investments
NGP has a proven track record. The largest portfolio exits include
 UCWeb, NGP invested 2010, the company was sold to Alibaba in 2014 for a multi-billion dollar sum.
 Rocket Fuel, NGP invested 2010, the company listed on NASDAQ in September 2013 valued at $941
million.
 Summit Microelectronics, NGP invested 2007, company acquired by Qualcomm 2012.
 Inside Secure, listed on the French stock exchange in 2011, valued at 261M euros.
 Netmagic, NGP invested in 2010 and the company was acquired by NTT Data for several hundred
million dollars.
 Fyber, NGP invested 2011 and the company was acquired for $190M by RNTS Media in Germany
2014.
 Swype Inc, NGP invested 2010, acquired by Nuance for about one hundred million in 2011.
Funds
Fund I $25M Mobile fund
Fund II $225M Mobile fund
Fund III $250M Mobility fund
Fund IV $100M Connected Car fund
Fund-of-funds 100M investment program
Raised new funds from Nokia in both 2013 ($250M Mobility fund) and 2014 ($100M Connected Car fund).
Portfolio composition
The complete portfolio covers 53 companies, 35 are active and about 18 exited or partially exited - all are
large, growth-stage companies. Typically the companies have a clear fit with Nokia as well as a sophisticated
management team with strong potential to grow the company.
NGP’s active portfolio contains a few very large companies with high valuations including Heptagon, Ganji,
Quikr, Intermedia and PubMatic, all segment leaders and number one in their respective industries.
More information about NGP’s portfolio companies is at: www.nokiagrowthpartners.com/portfolio.

Fund of fund investments (NGP as LP)
BlueRun Ventures www.brv.com
Founders Fund http://www.foundersfund.com/
Gobi Partners http://www.gobivc.com/
Magma Ventures http://www.magmavc.com/
Nexit Ventures http://www.nexitventures.com/
Oak Hill Capital Partners http://www.oakhillcapital.com/
Technology Crossover Ventures http://www.tcv.com/
Team
Portfolio composition by theme
Applied Data &
Analytics
Connected Enterprise
Connected Car (new)
Mobile Consumer
Local Commerce
Other
Portfolio composition by region
US
Europe
India
China
Other

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