Recently, HMD Global, the home of Nokia phones secured $230 million (approx €195 million) as part of Series A2 funding round from its existing partners including Qualcomm, Nokia, and Google. The Finnish company intends to use the funding to fuel HMD Global’s strategic vision in four key areas. With this funding, the company has passed $1 billion valuations.
Jean-Francois Baril, Executive Chairman and Co-Founder, HMD Global, says: “Our unique business model, based on asset-light global deployment and strong partnerships with the best in the industry, is entering a new level of maturity with the valued support of some of the most influential market-makers in mobile devices. I am extremely proud of our significant achievements to date and also thrilled about the immense opportunity before us to accelerate our journey towards excellence.”