Essential, Andy Rubin’s new phone company, was able to raise $ 300 million in a recent financing round. Investors must have been impressed by Essential and its future projects, such as the PH-1 and Essential Home. The total valuation for the company determined during financing was set somewhere between $ 900 million and $ 1 billion. These are all pretty big numbers for a company that hasn’t actually made anything yet, but the weight of Andy Rubin at the helm must have been a contributing factor.
Andy Rubin’s Essential raises $ 300 million, investment valuation set at around $ 1 billion for the startup was written by the awesome team at Android Police.