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Finnish smartphone maker HMD Global just raised $ 230 million just after going profitable for the first time.
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The Finnish company HMD Global, who resurrected smartphones Nokia after having bought back their operating license, sign one of the biggest European fundraisers of the year. Little known, its smartphones are distributed in 119 countries and the technology company has experienced impressive growth in recent years. She announces today that she has succeeded in obtaining $ 230 million of some of its key global strategic partners at the first close of its current funding cycle.
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Make 5G accessible
The investment will enable HMD Global’s strategic vision to be activated in three key areas. First, the company wants making 5G smartphones accessible to consumers around the world, with an emphasis on partnerships with US operators. Then HMD Global wants strengthen its presence in the main growth markets, including activities recently introduced in Brazil, as well as in Africa and India.
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Finally, the investment should help the company to strengthen its position beyond hardware to become a global mobile service provider. In 2020, HMD Global launched its international data service, HMD Connect, enhanced its mobile cybersecurity capabilities with the acquisition of assets from Valona Labs, and created dedicated software, security and services resources with a new research and development center in Tampere, Finland.
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