Mobile > Smartphone

HMD Global, the company behind Nokia phones, just raised $100 million

7 monthes ago   |   By Android Central

Around 70 million Nokia handsets were sold in 2017.
Last year, a company by the name of HMD Global revived the Nokia brand and started releasing a heap of Android and feature phones under the iconic name. 2017 proved to be rather successful for HMD, and to ensure things stay that way, the company recently raised an additional $100 million in funding.
According to Reuters , new investors include FIH Mobile and DMJ Asia Investment Opportunity. Jean-Francois Baril, a former Senior Vice President at Nokia, lead this latest round of funding.
HMD Global sold around 70 million Nokia phones in...
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HMD raises $100 million to bring even more Nokia phones to market

HMD raises $100 million to bring even more Nokia phones to market

7 monthes ago   |   By TechCrunch

HMD Global has been one of the mobile world's biggest surprise hits in recent years. Founded by former Nokia execs, the Finnish company has made a name for itself reviving the dearly departed brand on Android smartphones to great effect. And it just managed to raise another $100 million , led by Ginko Ventures' Alpha Ginko VC branch.
The new round puts the company's valuation at over $1 billion, according to a HMD. It's set to use this latest round to push even more “aggressively” into the mobile category with its branded devices, “doubldown on expanding channel reach in strategic markets...
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HMD Global Raises $100M to Expand Nokia Phone Business

7 monthes ago   |   By Phone Scoop

HMD Global today said it has raised $100 million in funding in order to help the company grow. HMD Global is the sole licensee of the Nokia brand and makes and sells Nokia-branded phones that run Google's Android operating system. The company brought its first phones to market in early 2017 and has seen modest success in overseas markets. The company claims to have sold more than 70 million phones in over 80 countries at some 250,000 retail outlets. This year, HMD Global plans to "aggressively expand its portfolio of Nokia smartphones" while also finding more places in which it can sell...
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HMD plans ‘aggressive' expansion of Nokia smartphone portfolio with $100 million funding

7 monthes ago   |   By Pocketnow

If you thought HMD Global was busy lately releasing Nokia-branded smartphones around the world, you should buckle up for an even more "aggressive" expansion over the next few months.
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