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HMD raises $100 million to bring even more Nokia phones to market
2018-05-21T14:42:08Z - Brian Heater / TechCrunch
HMD Global has been one of the mobile world’s biggest surprise hits in recent years. And it just managed to raise another $100 million, led by Ginko Ventures’ Alpha Ginko VC branch. At MWC back in February, it announced five new phones sporting the legacy brand, including a reboot of the 8110. The question moving forward is whether HMD will be able to reassert Nokia as a truly bleeding-edge brand, as it continues to flood the market with branded devices. After all, the smartphone market is starting to plateau and much of the competition has begun to scale back their releases.

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