HMD Global, which has licensed the rights to produce Nokia-developed phones, secured funding in a round featuring two Foxconn subsidiaries.
Finland-based electronics manufacturer HMD Global received $100m yesterday in a funding round led by Ginko Ventures, contract manufacturer Foxconn’s European investment arm.
Ginko, which invested through its Alpha Ginko vehicle, was joined by Wonderful Stars, a subsidiary of Foxconn’s FIH Mobile division, as well as an entity called DMJ Asia Investment Opportunity. The round valued HMD at more than $1bn.
Founded in December 2016, HMD has licensed the manufacturing rights for smartphones and feature phones designed and developed by Finland-headquartered…
