# Nokia

> Nokia is a VC fund in Espoo backing Software and Semiconductor. See 24 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Espoo, Finland
- Total investments: 24
- Last investment: Jun 2026
- Lead investor: 8%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/nokia
- X (Twitter): http://twitter.com/nokia
- Website: http://www.nokia.com
- Facebook: http://www.facebook.com/nokia

Nokia is a Finnish multinational communications corporation engaged in the manufacturing of mobile devices, network infrastructure, location-based technologies, and advanced technologies businesses worldwide. The corporation is also engaged in converging internet and communications industries. It manufactures a wide range of mobile devices withservices and software that enable people to experience music, navigation, video, television, imaging, games, business mobility, and more.Nokia also operates through four segments, including mobile broadband, global services, HERE, and technologies. Its mobile broadband segment provides consumers with hardware and core network software required to deliver mobile voice and data services. The corporation’s technology segment is involved in the development and sale of intellectual property rights and technology licensing activities. Its global services segment provides network implementation, care, managed services, and network planning and optimization. Finally, the HERE segment provides the development of local commerce, location-based services, and more.

## Contacts

5 contacts available for Nokia. Shizune tracks 15 team members at Nokia. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/nokia?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $5.5M–$230M |
| Series B | $6.5M–$1.1B |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 6 | 25% |
| Semiconductor | 5 | 21% |
| Telecommunications | 4 | 17% |
| Wireless | 3 | 13% |
| Artificial Intelligence | 3 | 13% |

50 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 7 | 29% |
| Funding Round | 5 | 21% |
| Series A | 4 | 17% |
| Series D | 2 | 8% |
| Pre-Seed | 1 | 4% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 11 | 46% |
| Finland | 5 | 21% |
| India | 1 | 4% |
| France | 1 | 4% |
| Israel | 1 | 4% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Justin Hotard | President and Chief Executive Officer | 1 | https://shizune.co/investors/profile/justin-hotard-c3a5 |
| Kari Ahola | Senior Vice President | 1 | https://shizune.co/investors/profile/kari-ahola |
| Samih Elhage | Chief Financial Officer | 0 | https://shizune.co/investors/profile/samih-elhage |
| Derek Aberle | Team Member | 0 | https://shizune.co/investors/profile/derek-aberle |
| Federico Guillen | President Network Infrastructure Business Group | 0 | https://shizune.co/investors/profile/federico-guillen |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ICEYE | ICEYE is a space technology company that develops and operates a constellation of synthetic aperture radar (SAR) satellites used for Earth observation and persistent monitoring. The company provides satellite imagery and data that enable governments, defense organizations, insurers, financial institutions, and other commercial users to monitoractivities and environmental conditions across the globe. Its SAR technology captures imagery regardless of cloud cover, weather conditions, or time of day, supporting applications such as disaster response, infrastructure monitoring, maritime awareness, environmental monitoring, and security operations. ICEYE also delivers satellite-based intelligence systems and analytical solutions that help organizations assess events, track changes, and make operational decisions using near real-time information. Through its satellite network and data services, the company supports monitoring and situational awareness across a range of public and commercial sectors. | $519.7M | Series F | Jun 09, 2026 |  |
| Inseego | Inseego is a global provider of software-as-a-service and solutions for the Internet of Things. It sells its telematics solutions under the Ctrack brand, including its fleet management, asset tracking, and monitoring, stolen vehicle recovery, and usage-based insurance platforms. Inseego also sells business connectivity solutions and devicemanagement services through Novatel Wireless, Inc. and Feeney Wireless ("FW"). The company was founded in 1996 and is headquartered in San Diego, California. | $10M | Post-IPO Equity | Apr 30, 2026 |  |
| ORAN Development Company | ODC provides an AI-optimized, cloud-native, and scalable AI-RAN platform | $45M | Series A | Mar 26, 2026 |  |
| Nscale | Nscale is an AI GPU cloud platform that provides scale computing to the generative AI market. It develops AI-ready data centers, deploys GPU infrastructure, and delivers AI cloud services. Its AI private cloud platform supports the entire generative AI lifecycle, enabling developers to run and train AI models. It also provides bare metal andvirtualized GPU nodes, Kubernetes-native services (NKS), AI workload scheduling empowered by SLURM, and advanced serverless and dedicated inferencing options. | $2B | Series C | Mar 09, 2026 |  |
| NestAI | NestAI is building next-generation AI for unmanned vehicles, autonomous operations, and command and control (C2) platforms across logistics, inspection, surveillance, security, and defense domains. | $115.3M | Venture - Series Unknown | Nov 20, 2025 |  |
| Nscale | Nscale is an AI GPU cloud platform that provides scale computing to the generative AI market. It develops AI-ready data centers, deploys GPU infrastructure, and delivers AI cloud services. Its AI private cloud platform supports the entire generative AI lifecycle, enabling developers to run and train AI models. It also provides bare metal andvirtualized GPU nodes, Kubernetes-native services (NKS), AI workload scheduling empowered by SLURM, and advanced serverless and dedicated inferencing options. | $433M | Series C | Oct 01, 2025 |  |
| Nscale | Nscale is an AI GPU cloud platform that provides scale computing to the generative AI market. It develops AI-ready data centers, deploys GPU infrastructure, and delivers AI cloud services. Its AI private cloud platform supports the entire generative AI lifecycle, enabling developers to run and train AI models. It also provides bare metal andvirtualized GPU nodes, Kubernetes-native services (NKS), AI workload scheduling empowered by SLURM, and advanced serverless and dedicated inferencing options. | $1.1B | Series B | Sep 25, 2025 |  |
| Gen Auto AI | At General Autonomy Inc. (Gen Auto AI), we are dedicated to pioneering safe, explainable AI technologies to foster trustworthy general autonomy, aimed at enhancing urban living through the use of robots. Our commitment to safety is the cornerstone of our approach, ensuring that every solution we develop meets the highest standards of reliabilityand security.Our innovative autonomy solutions are designed to seamlessly integrate into urban environments, offering advanced capabilities for autonomous robotic vehicles, connected and autonomous vehicles, and industrial mobile robots. Understanding the critical importance of trust in the adoption of autonomous technologies, we leverage explainable AI to ensure our systems are not only effective but also transparent and understandable. This approach empowers us to build confidence in our technologies, paving the way for a future where urban life is significantly improved through intelligent, autonomous assistance.With a focus on enhancing safety and operational efficiency, our solutions are tailored to meet the diverse needs of urban settings. Whether it’s improving transportation with connected and autonomous vehicles, optimizing logistics with industrial mobile robots, or introducing autonomous robotic vehicles to assist with urban tasks, Gen Auto AI is at the forefront of transforming urban landscapes.We are excited about the future and are diligently working to bring our services to you soon. Stay tuned for groundbreaking advancements in general autonomy from Gen Auto Ai, where safety leads and innovation transforms urban living. | $20K | Pre-Seed | Feb 01, 2025 |  |
| HMD | HMD designs and markets a range of smartphones and feature phones targeted at a range of consumers and price points. With a commitment to innovation and quality, HMD is the proud exclusive licensee of the Nokia brand for phones and tablets. | $230M | Series A | Aug 11, 2020 |  |
| Team8 | Team8 is a global venture group with deep domain expertise that builds and invests in companies specializing in enterprise technology, cybersecurity, data science, AI and fintech. Leveraging an in-house, multi-disciplinary team of company-builders integrated with a dedicated community of C-level executives and thought leaders, Team8’s signaturefoundry model is designed to outline big problems, ideate solutions, and help accelerate success through technology, market fit and talent acquisition. Team8’s leadership team represents serial entrepreneurs, industry pioneers and the former leadership of Israel’s elite tech and intelligence Unit 8200. Founded in 2014, Team8 is backed by global companies including Microsoft, Walmart, Cisco, Barclays and Moody’s, among others.It was founded in 2014 and headquartered in Tel Aviv, Israel. | $23M | Series B | Feb 23, 2016 |  |

10 of 24 investments shown.

## Co-investors
- [General Atlantic](https://shizune.co/investors/profile/general-atlantic) — VC Fund, 6 deals together
- [NVIDIA](https://shizune.co/investors/profile/nvidia) — VC Fund, 4 deals together
- [Aker](https://shizune.co/investors/profile/aker-asa) — VC Fund, 3 deals together
- [Point72](https://shizune.co/investors/profile/point72) — VC Fund, 3 deals together
- [Tesi](https://shizune.co/investors/profile/tesi) — VC Fund, 3 deals together
- [Anthem Capital Management](https://shizune.co/investors/profile/anthem-capital-management) — VC Fund, 2 deals together

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## FAQ

### What does Nokia invest in?

Nokia invests primarily in Software, Semiconductor and Telecommunications startups, most often at Series B and Funding Round stage. Most of the 24 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Nokia's check size?

Nokia typically joins rounds of $5.5M–$230M at Series A and $6.5M–$1.1B at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Nokia participates in.

### How do I contact Nokia?

Public channels for Nokia include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Nokia?

The team at Nokia includes Justin Hotard (President and Chief Executive Officer), Kari Ahola (Senior Vice President) and Samih Elhage (Chief Financial Officer), among 15 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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