Nokia Growth Partners Leads $14 Million Round for Verve Mobile

by Rich Scherr 0

Nokia Growth Partners, the investment arm of mobile handset maker Nokia, with North American offices in Sunnyvale, said on Wednesday it has led a new $14 million round of funding for Verve Mobile, the developer of a location-based mobile ad platform.

Nokia Growth Partners, the investment arm of mobile handset maker Nokia, with North American offices in Sunnyvale, said on Wednesday it has led a new $14 million round of funding for Verve Mobile, the developer of a location-based mobile ad platform. New investor Qualcomm Ventures and previous backer BlueRun Ventures also took part in the company’s third round, which it plans to use to further develop its advertising and publishing products, as well as bolster its marketing and sales activities. John Gardner of Nokia Growth Partners has joined Verve’s board of directors. Read more.

Photo by Flickr user 401(K) 2013, used under Creative Commons license

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