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New Round of Funding Sees HMD Hit $1B Valuation (70M Phones Shipped)

| May 25, 2018 | Reply

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At the beginning of this week, HMD announced they have undergone a new round of funding, raising USD$100 million from multiple investors, and sees it hit a market valuation exceeding USD$1 Billion. HMD has outlined its plan for 2018, aiming to”aggressively expand its portfolio of Nokia smartphones and double down on expanding channel reach in strategic markets”.

Since HMD began in Dec 2016, the company has reportedly “shipped more than 70 million Nokia branded phones” in “over 80 countries”.

There are a few more tidbits in the press release, such as “150,000,000 visits” to the Nokia.com/phones page since Jan 2017, 2/3 of consumers purchasing Nokia phones today are under 35, and 4 out of 5 consumers are recommending a Nokia smartphone.

If you’re interested in reading the full press release, you can check it out here.

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Category: HMD

About the Author ()

Hi! My name is Michael. I currently live in Sydney, working on all things Digital Marketing. I have a real passion for the latest technology and I'm a real Nokia buff! My aim is to keep those of you, like myself, updated with the latest in what's going on in the Nokia World. Get in touch on Twitter via @MFaroTusino, or even simply drop me an email at mike.mnb[at]outlook.com or tips[at]mynokiablog.com