HMD Global Bags “Unicorn Status” Post $100 Mn Funding
HMD Globals, the Finnish company that manufactures Nokia smartphones and feature phones has been successful in raising $100 million from investors to scale up its business operations and fund its growth.
The latest funding has put HMD grab the "unicorn status" with a current market valuation of exceeding $1 billion.
The round of investment was led by Geneva-based Ginko Ventures via Alpha Ginko Ltd. with participation from DMJ Asia Investment Opportunity and Wonderful Stars which is a subsidiary of FIH Mobile Ltd.
Florian Seiche, CEO, HMD Global, said in a statement on Monday, We are thrilled to have these investors join us in our journey to script the next chapter of Nokia phones. It is our ambition to deliver great smartphones that delight our fans while staying true to o...