HMD Global, the Finnish company with a license to sell Nokia-branded phones, has raised $100 million of funding to boost growth.

HMD, which sold around 70 million Nokia phones and generated sales of 1.8 billion euros or $2.1 billion in its first year 2017, is planning to expand its Nokia smartphone range strongly and to double sales channels in key markets during 2018.

New investors include DMJ Asia Investment Opportunity and Foxconn’s subsidiary FIH Mobile, Reuters reported.