About HMD Global
HMD Global is a company based in Espoo (Finland) founded in 2016.. HMD Global has raised $610 million across 3 funding rounds from investors including Google, Qualcomm and Nokia. The company has 68 employees as of April 06, 2024. HMD Global offers products and services including HMD Fusion, HMD Skyline, HMD Pulse Pro, Nokia 3210, and Nokia 225 4G. HMD Global operates in a competitive market with competitors including Motorola Mobility, Samsung, Apple, Vivo and HTC Corporation, among others.
- Headquarter Espoo, Finland
- Employees 68 as on 06 Apr, 2024
- Stage Unicorn
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Hmd Mobile India Private Limited
- Date of Incorporation 07 Oct, 2016
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$189.56 M (USD)-4.64as on Mar 31, 2023
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Net Profit
$7.42 M (USD)-40.67as on Mar 31, 2023
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EBITDA
$6.53 M (USD)74.04as on Mar 31, 2023
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Total Equity Funding
$610 M (USD)
in 3 rounds
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Latest Funding Round
$230 M (USD), Series B
Jul 29, 2022
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Investors
Google
& 4 more
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Employee Count
68
as on Apr 06, 2024
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Products & Services of HMD Global
HMD Global offers a comprehensive portfolio of products and services, including HMD Fusion, HMD Skyline, HMD Pulse Pro, Nokia 3210, and Nokia 225 4G. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Android smartphone with customizable and repair features.
Feature-rich Android device for everyday use.
Budget Android phone with camera enhancements.
Classic feature phone with modern updates.
Compact 4G feature phone for basic communication.
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Funding Insights of HMD Global
HMD Global has successfully raised a total of $610M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $230 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $230.0M
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First Round
First Round
(21 May 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series B - HMD Global | Valuation |
investors |
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| Aug, 2020 | Amount | Series B - HMD Global | Valuation | Google , Qualcomm |
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| May, 2018 | Amount | Series B - HMD Global | Valuation | Ginko Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HMD Global
HMD Global has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Google, Qualcomm and Nokia. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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A technology company offering products and services, including search engine, cloud computing, advertising, email, productivity software, and more
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Founded Year | Domain | Location | |
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Provider of cloud and AI-based cellular communication ICs
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HMD Global
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HMD Global
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hmd Global Comparisons
Competitors of HMD Global
HMD Global operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Motorola Mobility, Samsung, Apple, Vivo and HTC Corporation, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile devices, cases, tablets, and screen protectors are offered online.
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| domain | founded_year | HQ Location |
Multi-category electronic products are manufactured globally by the company.
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| domain | founded_year | HQ Location |
Consumer electronics, computers, and software are designed and sold worldwide.
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| domain | founded_year | HQ Location |
Smartphones are designed, produced, and distributed by Vivo.
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| domain | founded_year | HQ Location |
Brand of VIVE, exodus, and 5G products
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| domain | founded_year | HQ Location |
Manufacturer of smartphones and accessories
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hmd Global
Frequently Asked Questions about HMD Global
When was HMD Global founded?
HMD Global was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is HMD Global located?
HMD Global is headquartered in Espoo, Finland.
Is HMD Global a funded company?
HMD Global is a funded company, having raised a total of $610M across 3 funding rounds to date. The company's 1st funding round was a Series B of $100M, raised on May 21, 2018.
How many employees does HMD Global have?
As of Apr 06, 2024, the latest employee count at HMD Global is 68.
What is the annual revenue of HMD Global?
Annual revenue of HMD Global is $189.56M as on Mar 31, 2023.
What does HMD Global do?
HMD Global was established in 2016 in Espoo, Finland, as a key player in the telecommunications sector. Mobile devices and related technologies under the Nokia brand are developed, manufactured, and distributed by the company. Operations encompass design, production, and supply chain management, with a focus on feature phones and smartphones. Products are supplied to markets worldwide through partnerships and direct channels, emphasizing reliable hardware solutions.
Who are the top competitors of HMD Global?
HMD Global's top competitors include Apple, Motorola Mobility and Samsung.
What products or services does HMD Global offer?
HMD Global offers HMD Fusion, HMD Skyline, HMD Pulse Pro, Nokia 3210, and Nokia 225 4G.
Who are HMD Global's investors?
What is HMD Global's valuation?
The valuation of HMD Global is $1B as of May 2018.
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