HMD Global, the home of Nokia phones, has successfully closed 230 million USD in its first closing of current funding round from some of its top global strategic partners, announced last week by the Company.
The Company said that the investment will further fuel HMD Global’s strategic vision in four key areas. Firstly, it will accelerate the company’s mission to make 5G smartphones accessible to consumers across the world, with an emphasis on strong partnerships with US carriers. Secondly, HMD Global will further transition to digital-first offerings as part of a new post-COVID reality. It will also expand its presence in key growth markets including the recently introduced operations in Brazil, as well as Africa and India, and finally – the investment will help the business strengthen its leading position beyond just hardware and into a holistic mobile service provider.
This year alone, HMD Global launched its international data roaming service, HMD Connect, enhanced its mobile cybersecurity capabilities with the acquisition of assets of Valona Labs, and built dedicated resources on software, security and services with a new research and development Centre of Excellence in Tampere, Finland.
Since the company began its operations in 2016, HMD Global is now active in 91 markets across 8 regions and 250,000 retail outlets and has sold over 240 million phones to date.
Jean-Francois Baril, Executive Chairman and Co-Founder, HMD Global
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.
Florian Seiche, CEO, HMD Global
This additional investment further validates our long-term business strategy and is evidence of our collective mission to make modern mobile technology accessible to everyone.
