Essential Phone release details in a week promised amid $300m raise

Amazon just backed the smartphone company created by the founder of Android

Amazon and Best Buy will be retail launch partners for Essential Phone

It turns out that the Amazon Alexa Fund and China-based Tencent Holdings have contributed the $300 million package. The company confirmed that Amazon and Best Buy will be its retail launch partners in the U.S., and given the fact that Tencent is one of the largest Internet companies in China, it's possible that the phone will arrive in the world's largest smartphone market in the future.

Essential, Andy Rubin's new electronics startup, is getting ready to reveal more about its anticipated smartphone, even as it announced it has has an intriguing new backer - Amazon. The company has previously said its would sell its phone through Sprint in the US, Telus in Canada and on, as well.

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Instead, Essential has committed to announcing the release date to its premier Android smartphone in a week.

Andy Rubin co-founded Android before he sold it to Google.

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Are you waiting for your Essential Phone to arrive? The war chest will enable the company to effectively compete against its rivals. The funding round comes from investors including Tencent, as well as Amazon's Alexa Fund, among others.

"Essential Products has a compelling vision and roadmap for connected devices that integrates voice technology in novel ways", Bernard said in the statement. The e-commerce giant may be interested in Essential not only for the smart home device, but also to gain a stronger foothold in phones, after it failed to break into that market with its own Fire Phone. This is in addition to Sprint being the exclusive carrier for the Essential Phone, though all versions will be unlocked and usable on all US networks.

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Access Technology Ventures, a venture-capital firm, led the latest investment round, which also included Australia's sovereign-wealth fund and tech investors Vy Capital and Altimeter.

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