New Delhi July 20: Nokia Venture Partners, a leading global venture-capital firm focused on early-stage technology companies, launched its operations with the opening of an office in India.

It will invest between $2 million to $6 million initially and then over the life of the company up to $12 million to $15 million.

Nokia Venture Partners (NVP) is a global venture firm with a reputation for creating global companies. The announcement follows Nokia Venture Partners’ $10 million investment in Pune-based Nevis Networks, a start-up company developing a new class of enterprise security solutions.

Nokia is the largest investor in NVP. Other investors include Goldman Sachs, CDBWebTech, BMC Software and others, including large Asian companies.

John Malloy of Nokia Venture Partners said, “India is known for its vast pool of entrepreneurial talent and we hope to continue investing in emerging Indian companies.” “We are already active in the Indian market, both through the activities of current portfolio companies and our investments in Nevis Networks made in May. Establishing a presence in India strengthens our global footprint,” he added.

It has funded more than 40 companies in the mobile infrastructure, components, software, applications and services sectors. Portfolio companies originate from the US, the UK, Germany, Finland, Iceland, India, Israel, and South Korea.