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§ Private Profile · Helsinki, Southern Finland, Finland
Designs and markets Nokia-branded smartphones and feature phones, and self-branded HMD phones, focusing on a unified range of mobile devices.
HMD has raised $330.0M across 2 funding rounds.
HMD has raised $330.0M in total across 2 funding rounds.
HMD Global, headquartered in Espoo, Finland, designs and markets smartphones and feature phones primarily under the Nokia brand through an exclusive licensing agreement, expanding to self-branded HMD phones in March 2024. The company operates in the mobile phone sector, collaborating with manufacturing partners like FIH Mobile. It is privately owned, supported by a 10-year Nokia brand and patent licensing deal. HMD Global committed €500 million to marketing in its initial three years and was part of a $350 million Microsoft mobile assets deal, reporting 500-1,000 employees in 2016. Founded on December 1, 2016, by former Nokia executives, its leadership has included co-founder Jean-Francois Baril, who also serves as executive chairman and CEO, alongside former CEOs Arto Nummela and Florian Seiche.
HMD has raised $330.0M across 2 funding rounds. Most recently, it raised $230.0M Series A in August 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 11, 2020 | $230M Series A | — | Google, Nokia, Qualcomm | Announced |
| May 21, 2018 | $100M Venture Round | Ginko Ventures | — | Announced |
HMD has raised $330.0M in total across 2 funding rounds.
HMD's investors include Google, Nokia, Qualcomm, Ginko Ventures.