Celebrating the industry: GCV Awards 2016
The sixth annual Global Corporate Venturing awards are a celebration of the industry and how it helps entrepreneurs, the venture ecosystem and parent companies make the world a better place and deliver on their strategic and financial goals. This year, NGP was awarded with both Fund of the Year and M&A Exit of the Year.
Fund of the Year – Nokia Growth Partners
Nokia Growth Partners’ decision in February to commit $350m to invest in the internet of things (IoT) is a perfect example of a corporate venturing unit helping its parent company fulfil its strategic aims. It comes as little surprise, therefore, that it has been named Fund of the Year in the 2016 Global Corporate Venturing awards. Read more on GCV
M&A of the Year – Ganji
One of 2015’s largest internet deals helped Nokia Growth Partners to realise its biggest exit to date. The acquisition by Chinese classified advertising service 58.com of a 43.2% stake in its local rival Ganji valued the latter company at more than $3bn, thoroughly vindicating what NGP describes as its “global thematic strategy”. Read more on GCV