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WiderThan.com gets $5 million

Nokia Venture Partners announced Monday that it has contributed $5 million to WiderThan.com, its first investment in Asia. The South Korea-based company develops content and services such as voice portals and video-on-demand for Internet-enabled cell phones. WiderThan.com plans to use the financing to develop and market products related to its voice, messaging, multimedia and mobile commerce technology. Nokia Venture Partners is a VC firm mostly backed by Nokia, a maker of mobile phones and wireless equipment. The firm, which has $650 million under management, announced that it opened an office in Seoul, South Korea.

Nokia Venture Partners announced Monday that it has contributed $5 million to WiderThan.com, its first investment in Asia. The South Korea-based company develops content and services such as voice portals and video-on-demand for Internet-enabled cell phones. WiderThan.com plans to use the financing to develop and market products related to its voice, messaging, multimedia and mobile commerce technology.

Nokia Venture Partners is a VC firm mostly backed by Nokia, a maker of mobile phones and wireless equipment. The firm, which has $650 million under management, announced that it opened an office in Seoul, South Korea.