• News
  • Gadgets
  • Reviews
  • Buy Guides
  • EV
  • Startups
  • Events
  • Tech Stories
  • Fintech
  • Opinion
  • Editor’s Pick
Facebook Twitter Instagram YouTube LinkedIn TikTok
Tuesday, October 3
Facebook Twitter Instagram YouTube LinkedIn TikTok WhatsApp Discord Telegram
TechSathiTechSathi
  • News
  • Gadgets
    Mount Everest Gets Ultra-Gigabit-Speed FTTR-B Network

    Mount Everest Gets Ultra-Gigabit-Speed FTTR-B Network

    October 2, 2023
    Nokia G42 5G Price in Nepal

    Nokia Launches Budget 5G Smartphone Nokia G42 5G in India

    September 12, 2023
    AQFIT COSMIQ+ Nepal

    AQFIT Cosmiq+ Smartwatch Launched in Nepal: Price, Specs and Features

    September 8, 2023
    Samsung Gears Up for 5G Launch in Nepal with 5G-Ready Smartphones 1

    Samsung Gears Up for 5G Launch in Nepal with 5G-Ready Smartphones

    September 9, 2023
    GoPro Hero 12 Black Price in Nepal

    GoPro Hero 12 Black Launched with Twice the Battery Life

    September 8, 2023
  • Reviews
  • Buy Guides
  • EV
  • Startups
  • Events
  • Tech Stories
  • Fintech
  • Opinion
  • Editor’s Pick
TechSathiTechSathi
Home»News»Nokia Phone Maker HMD Global, Raises $230 Million Investment from Google, Qualcomm
News

Nokia Phone Maker HMD Global, Raises $230 Million Investment from Google, Qualcomm

August 14, 20203 Mins Read
Facebook Twitter LinkedIn Tumblr Pinterest WhatsApp VKontakte Email
HMD Logo
Share
Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp

HMD Global, the home of Nokia phones, announces it has successfully closed 230 million USD in the first closing of its current funding round from some of its top global strategic partners.

One of the largest growth financings raised in Europe in 2020

HMD Logo

HMD Global has been successful in clearly differentiating its Android™ smartphone offering. Nokia smartphones come with a premium Nordic design that is inspired by the company’s European heritage, superior product quality, premium ZEISS imaging experience, and market-leading reliability, as well as security features including a three-year monthly security update promise and two-year Android software upgrade commitment with the Android One promise. As the only key European smartphone player, HMD Global is increasingly popular with both enterprises and consumers who are looking for a pure, secure, and up-to-date smartphone experience.

Also Read: ‘DocSumo’ raises $220k seed funding from Better Capital, Techstars and Barclays

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. 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.

Jean-Francois Baril, Executive Chairman and Co-Founder, HMD Global, shared:

“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. I am extremely proud of our significant achievements to date and also thrilled about the immense opportunity before us to accelerate our journey towards excellence.” 

Florian Seiche, Chief Executive Officer, HMD Global, shared:

“Since the very beginning, HMD Global has worked to build strong bonds with our strategic partners. 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. Security, reliability and dependability are the cornerstones of our offering, and we will ensure we are using these funds to deliver the best experiences people have come to expect from a Nokia phone. As the only major European smartphone manufacturer, we remain true to our Finnish roots and the hallmarks that our customers trust Nokia phones to be synonymous with. With the support of our heavyweight partners, I am truly excited for the next chapter of Nokia phones.”

Since the company began its operations in 2016, HMD Global is now active in 91 markets across eight regions and 250,000 retail outlets and has sold over 240 million phones to date.

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous Article[Update: August 2020] iPad Price in Nepal || Specs || Features
Next Article Accurate AT-01 TWS Launched in Nepal at NPR. 3,499
TechSathi
  • Website
  • Facebook
  • Twitter

Techsathi is Nepal’s #1 Tech News Portal covering everything about Technology, Gadgets, Start-ups, Entrepreneurship, and all sorts of technology-related analyses and activities.

Related Posts

Galli Maps_Indra Jatra Navigation

Galli Maps to guide you on Indra Jatra Festival

September 26, 2023
Startup and Idea Fest

Startup and Idea Fest 2023: 100+ Startups and Innovations Being Exhibited on OCT 6-7

September 26, 2023
Career Connect_CSIT Association of Nepal (CSITAN)

CSITAN hosting Career Connect event for IT Students

September 22, 2023
70 thousand riders and 3 lakh people use inDrive in Nepal 

70 thousand riders and 3 lakh people use inDrive in Nepal 

September 20, 2023
Add A Comment

Leave A Reply Cancel Reply

Don't Miss
Mount Everest Gets Ultra-Gigabit-Speed FTTR-B Network

Mount Everest Gets Ultra-Gigabit-Speed FTTR-B Network

October 2, 2023
NCIT College, one of the most renowned IT colleges in Nepal is going to organize a Career Quest job fair program this Friday (September 29, 2023).

NCIT College to Host a Job Fair for IT Students

September 28, 2023
Galli Maps_Indra Jatra Navigation

Galli Maps to guide you on Indra Jatra Festival

September 26, 2023
Startup and Idea Fest

Startup and Idea Fest 2023: 100+ Startups and Innovations Being Exhibited on OCT 6-7

September 26, 2023
  • Facebook 64K
  • Twitter 877
  • Instagram 5K
  • YouTube 11K
  • LinkedIn 1.6K
  • TikTok 3K
Our Picks
Monetary Policy of Nepal 2080-81 highlights in technology sector
News

5 Highlights of Monetary Policy of Nepal 2080/81 for Technology Sector

July 25, 20234 Mins ReadBy Basanta K. Dhakal

Nepal is going through a digital transformation, and the central bank is also playing a…

NCELL

The Collapse of Ncell-Axiata’s $500 Million Claim Against the Nepal Government

June 18, 2023
IT STartups Nepal

Nepal Opens Door for Global Tech Entrepreneurs to Launch IT Startups for Less Than $1

June 7, 2023
Open Network for Digital Commerce

Open Network for Digital Commerce (ONDC): Revolutionizing Digital Commerce in India

May 12, 2023
About Us
About Us

Nepal's go-to platform for tech news and updates. We want to be your Tech Sathi.

Contact

To contact us, you can email us at
“ [email protected] ”

Also, you can ring us at
“ +9779866640555 “

Pages
  • About Us
  • Advertise
  • Contact Us
  • Home Page
  • Homepage
  • Privacy Policy
  • Submit Article
Facebook Twitter Instagram YouTube LinkedIn TikTok WhatsApp Discord Telegram
© 2023 Tech Sathi Pvt. Ltd.

Type above and press Enter to search. Press Esc to cancel.