The team wanted to prove that Nokia was daft killing off MeeGo in favour of Windows and want to prove a point.
According to Reuters , the company has 70 employees and $14.11 million in venture financing, the phone, called Jolla, aims to take advantage of the operating system's openness. Its one main difference from other operating systems is that it is possible to download Android apps which means that it can use the Android store.
Jolla, priced at $510, runs on the MeeGo-based Sailfish operating system. It comes with a 4.5-inch display and 8-megapixel camera. It will also be 4G-capable, depending on the market.
The company said that the Jolla will go on sale in the fourth quarter and its main focus will be the Asian market, as a rapid growth in the region's middle class is fuelling demand for smartphones.