HMD Global, which now owns Nokia Phones, announced yesterday a raising an additional $ 100 million from various investors to expand its business operations and fund the company's growth in its second year.
Everything indicates that the company wants to make a bigger leap and thanks to the investment directed by Ginko Ventures, based in Geneva, through Alpha Ginko Ltd. the company will be able to make another important leap in the world of smartphones. This case also includes the participation of DMJ Asia Investment Opportunity Limited and Wonderful Stars Pte. Ltd., a subsidiary of FIH Mobile Ltd.
Nokia is still alive despite everything
Since the purchase by HMD Global, the veteran Finnish firm only has the name on its devices and little else, but this does not prevent Nokia from being alive. It is not necessary to remember past times since everyone already knows this company and knows its trajectory, but now it could be reviving from the ashes with several launches and new projects in mind, although it has little to do with the Nokia that we all knew. a past tense.
Florian Seiche, CEO, HMD Global, thanked the investment made:
We are delighted to have these investors join us on our journey to write the next chapter on Nokia phones. Our ambition is to deliver great smartphones that delight our fans, that remain true to our Finnish roots and the characteristics for which the Nokia brand has always been known. Our goal is to be among the best in the smartphone market worldwide and our success to date gives us the confidence to continue to advance on a growth path in 2018 and beyond.
Created on December 1, 2016, the company has distributed more than 70 million brand phones committed to this new chapter in the history of Nokia phones worldwide. In fiscal year 2017, HMD Global posted total revenue of 1,8 billion euros along with an operating loss of 65 million euros ($ 77 million).
Since Mobile World Congress 2017, the Finnish company has introduced 16 new devices and introduced major partnerships with industry heavyweights such as Google and ZEISS, in addition to its long-term strategic relationship with Nokia and FIH. At the past Mobile World Congress 2018, HMD Global announced that will be the main global partner of Google's flagship program for Android: Android One, by delivering a complete catalog of Nokia smartphones to the Android One family, so there is Nokia for a while ...