HMD Global just raised $100 million to help push the Nokia brand in 2018.
With this new funding, the HMD Global “unicorn” status is solidified, since it now is worth over $1 billion.
The company committed to “aggressively expanding” the Nokia brand, and reaffirmed its commitment to the Android One program.
Finnish startup HMD Global acquired the rights to sell Nokia-branded smartphones back in 2016 after Microsoft dumped the brand.
Since then, the company has brought Nokia back from the dead, as it were, with a continuing series of well-reviewed and popular mobile phones.
Now, to help expand the Nokia brand even further, HMD Global just raised $100 million in funding from multiple investors, “to scale business operations and fund the company’s growth in its second year,” according to the press release on the matter.