After facing a sudden death by refusing to integrate into android and suffering a heart-wrenching divorce from Microsoft, Nokia through HMD has taken bold step again into the Android path and this time around it offers stock, undiluted Android experience, unaltered by any tweeks.
The press release still refers to HMD as a “start-up”, though it is now also a unicorn. The Espoo, Finland-based company has raised $100 million in a funding round at a valuation of a cool billion dollars. The money came from multiple investors led by Ginko Ventures.
The money will go to “strategic investments” and aggressively expanding the lineup of Nokia-branded phones. And that’s the plan for this year, so we won’t have to wait until 2019 for exciting announcements.
HMD is not even two years old yet (it was founded on December 1, 2016), but in the fiscal year 2017 it posted revenues of $2.13 billion (and a small operating loss of $77 million). It sells its Nokia phones in 80 countries, but sees them used in 170 countries. It has been a meteoric rise.