Financial news: Jolla reaches 70M USD of funding

Jolla's funding totals up to 70M USD

Surviving against the big players in the mobile industry is a lot about funding, at least until a start-up gets all their sails up. Jolla, a Finnish company developing Sailfish OS mobile operating system, has struggled for six years against the real big players like Google's Android and that hasn't always been easy. One of the former Nokia directors told them in the beginning that they will need at least 100M USD to break into the business they aim at. Reaching the end of 5th financing round, Jolla has now received 70% of that, but they are still far away of their goal.

[News] Jolla agrees debts, financing of $12M, new employees

Application for debt restructuring cancelled. Year 2016 secured with new financing. New employees being interviewed.

In autumn 2015 there were sad news: Employees laid off, debts on hold, file for debt restructuring. Jolla's 3rd death valley, pretty close to actual bankruptcy, was passed on December and now Jolla shares quite positive news.

This is a news analysis on Jolla's Press Release published on May 3, 2016, reflecting the latest news to those shared back in 2015. Sailfish OS seems to be having the sails up quite well right now. Will there be some wind too?

[News] Jolla to continue Sailfish OS development

Financing round for series C closed, Jolla bypasses 3rd death valley

Summarizing a very interesting community meeting and a later press release by Jolla. Antti Saarnio, Head of Jolla, shares positive news on Jolla's financial situation. Juhani Lassila, Head of Communication, shares us some more details on both the meeting outcome and the press release.

It's not the delays, it's that the world is slow

Open letter to Jolla community: Through the tough times

Antti Saarnio, Head of Jolla shares reasoning for Jolla's  current financial issues and explains the problems in the crowdfunded Jolla Tablet campaign. The main issue behind all the problems is that Jolla is still waiting for the world to discover Sailfish OS as an alternative option to Android and iOS.

[news] Jolla financial trouble, debt restructuring

Jolla office, Tampere, Finland

Financing round delayed, Jolla files for debt restructuring

November 20, 2015, Tampere, Finland. Additional to the lay offs of many employees, Jolla has filed for debt restructuring in the court of Helsinki. Jolla's current goal is to get their product, Sailfish OS mobile operating system, tailored to new manufacturing partners and get the company back to its feet.

[news] Jolla financial difficulties, employees laid off

Translated news via Aamulehti, Finland

Tampere, Finland, November 19, 2015: Jolla in economic difficulties, more than half of the employees laid off.

News was originally shared in Finnish by Aamulehti and confirmed by Juhani Lassila, Jolla Oy.

[News] New Sailfish OS phone manufacturer confirmed

Jolla's Antti Saarnio at Hong Kong launch event, 2014

New manufacturer of Sailfish OS phones is announced before summer holidays

Jolla might not announce a new phone of their own, as they are focused on delivering Sailfish OS mobile operating system to other manufacturers.

Update: New Sailfish OS phone manufacturer is located in India, and it will be announced during Mobile World Congress Shanghai on July 15 - 17, 2015