HMD Global, maker of Nokia-branded smartphones, wins investment from Google, others for 5G devices

HMD Global, the maker of Nokia-branded smartphones, has secured $230 million of investment from partners including Google, Qualcomm and Nokia Technologies, to help accelerate its development of 5G devices.

Chief Executive Florian Seiche said the success of the funding round – the largest since the Finland-based company was founded in late-2016 – validated its strategy of working closely with partners in software and hardware.

“This significant investment with some of closest strategic partners really allows us to accelerate our journey going forward,” he said in an interview.

He did not disclose the individual amounts, but said the investments from the three were “each very sizeable parts of the total”.