Nokia has been buying into content start-ups. Actually scratch that - mostly mobile content start-ups and invested nearly $100 million in 18 companies in 2004. The latest one being Enpocket which just raised about $9.5 million in series C round of funding. Other Nokia investments include FreedomPay, Landmat, Airgo, MicroDisplay, Atrua Technologies and Nevis Networks. Nokia has also invested into two VoIP companies - Quovia and SunRocket.
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