The Nokia Mafia
Nokia Corporation, a Finnish multinational company, has a rich history dating back to 1865. It was founded by Fredrik Idestam and Leo Mechelin, initially as a pulp mill in southern Finland, named after the town of Nokia.
Over the decades, the company diversified into various sectors including rubber, cable, forestry, electronics, and notably, telecommunications. Nokia became a household name in the late 20th century with its mobile phones, gaining international fame in the 1990s and early 2000s.
Known for their durability, battery life, and user-friendly interface, iconic models like the Nokia 3310 and 1100 exemplified their dominance in the mobile phone industry. However, the rise of smartphones brought significant challenges, leading to the acquisition of Nokia's Devices and Services division by Microsoft in 2014.
Today, Nokia's primary focus is on telecommunications infrastructure, technology development, and licensing.
The Nokia Mafia
The Nokia Mafia has founded 33 companies, raising $106 million in total, as per Crunchbase data.
PS: Are you a Nokia Mafia member interested in bringing your community together to invest in innovative ventures (and enjoy potential profits and other perks along the way)? Or perhaps you're part of another dynamic group that could be a fantastic source of startup investments? 😉
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List of all the amazing companies covered:
- Justworks
- Molekule
- A.Team
- JOBOX.ai
- Apervita
- Outsight
- Kiswe
- 7SIGNAL
- Greenly
- Tappp
- Firedome
- Toucan
- Elo Health
- Cache
- HEXO+
- AVATOUR
- Verofax Limited
- GetPackage
- Spinwheel
Justworks
Founder: Isaac Oates
Nokia Role: Web Developer
Capital Raised: $159.8M
Investors: Union Square Ventures
Stage: Series E
Justworks provides small and medium-sized businesses with simple software and expert support for payroll, benefits, HR, and compliance.
Molekule
Founder: Dilip Goswami
Nokia Role: Technical Associate
Capital Raised: $118.5M
Investors: RPS Ventures
Stage: Series C
Molekule provides FDA-cleared air purification devices to address the growing global air purification industry.
A.Team
Founder: Raphael Ouzan
Nokia Role: Software Engineer
Capital Raised: $115M
Investors: Insight Partners
Stage: Series A
A.Team is a distributed, on-demand team formation platform that allows members to team up and build things.
JOBOX.ai
Founder: Kaushik Pendurthi
Nokia Role: Software Engineer
Capital Raised: $56.7M
Investors: General Catalyst
Stage: Series B
JOBOX.ai is a B2B stealth mode AI startup disrupting the on-demand economy.
Apervita
Founder: Paul Magelli
Nokia Role: Head of Customer Insight & Experience
Capital Raised: $59.5M
Investors: Optum Ventures
Stage: Series A
Apervita is the healthcare collaboration platform for quality measurement, and clinical intelligence.
Outsight
Founder: Cédric Hutchings
Nokia Role: VP Digital Healh at Nokia Tech
Capital Raised: €40.5M ($43.74)
Investors: Bpifrance
Stage: Series B
Outsight develops a revolutionary kind of sensor, a 3D Semantic Camera that brings Full Situation Awareness to Smart Machines and Cities.
Kiswe
Founder: Wim Sweldens
Nokia Role: President, Wireless Division
Capital Raised: $37.8M
Investors: Sony Innovation Fund
Stage: Series B
Kiswe is a video technology startup providing live media solutions to sports and entertainment content owners.
7SIGNAL
Founder: Marko Pirinen, Veli-Pekka Ketonen
Nokia Role: Specialist End-to-End Service Performance, Program Manager
Capital Raised: $32.3M
Investors: Technology Venture Partners US
Stage: Series E
7SIGNAL is a cloud-based wireless optimization platform.
Greenly
Founder: Matthieu Vegreville
Nokia Role: Head of Patient Solutions & RWE Studies
Capital Raised: $25.5M
Investors: Energy Impact Partners
Stage: Series A
Greenly the go-to carbon accounting platform.
Tappp
Founder: Sundip Agarwal
Nokia Role: Director, Head Asia Pacific
Capital Raised: $21.4M
Investors: Verance Capital
Stage: Series B
TAPPP is a leader in the flexible payment space, partnering with major leagues, broadcasters, and sports books.
Firedome
Founder: Sharon Mirsky
Nokia Role: Head of Special Projects, Sales Development North America
Capital Raised: 14.4M
Investors: Two Sigma Ventures
Stage: Series A
Firedome secures IoT devices and prevents the next cyber-catastrophe.
Toucan
Founder: Charles Migliett
Nokia Role: Software Engineer
Capital Raised: €12M ($12.96)
Investors: Balderton Capital
Stage: Series A
Toucan is a customer-facing analytics platform that empowers organizations to drive engagement with the best end-user experience.
Elo Health
Founder: Tapio Tolvanen
Nokia Role: Head of Technology
Capital Raised: $15M
Investors: Octopus Ventures
Stage: Series A
Elo develops a smart nutrition service that uses biomarkers to deliver nutrition for optimal health and aging.
Cache
Founder: Srikanth Narayan
Nokia Role: Researcher - Visualization
Capital Raised: $5.2M
Investors: First Round Capital
Stage: Pre-Seed
Cache is a fintech startup that offers brokerage service for individuals holding large stock positions.
HEXO+
Founder: Antoine Level
Nokia Role: Program / Project Leader
Capital Raised: $4.3M
Investors: Living Water Investment
Stage: Seed
HEXO+ is the first Autonomous FlyingCam.
AVATOUR
Founder: Devon Copley
Nokia Role: Head of Product, VR Platform
Capital Raised: $2.9M
Investors: Ulu Ventures
Stage: Seed
AVATOUR is the remote collaboration platform for on-site meetings.
Verofax Limited
Founder: Wassim Merheby
Nokia Role: Head of Retail
Capital Raised: $1M
Investors: Benson Oak Ventures
Stage: Seed
Verofax enables traceability as a service for products, stakeholders and transactions.
GetPackage
Founder: Oren Elzam
Nokia Role: Software Engineer
Capital Raised: $11.5M
Investors: Mayer's Cars and Trucks
Stage: Series A
GetPackage offers optimized last-mile same-day delivery services which are based on a unique sharing economy technology.
Spinwheel
Founder: Tushar Vaish
Nokia Role: Software Consultant
Capital Raised: $11M
Investors: QED Investors
Stage: Seed
Spinwheel helps you transform how your business and your customers see, understand, and act on debt with our industry-leading debt APIs and drop-in modules.
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