22-05-2018 12:09 via telecoms.com

Nokia phone saviour HMD hits unicorn status

HMD Global, the home of the re-booted Nokia devices, has raised $100 million from multiple investors to become the 24th company in 2018 to hit the $1 billion unicorn valuation status.
The round of investment was led by Geneva based, Ginko Ventures with participation from DMJ Asia Investment Opportunity and Wonderful Stars, with the funds to be used to scale business operations and fund the company’s growth in its second year. Initial plans will focus on growing its portfolio of Nokia devic
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