The funding will be used to create new product categories in partnership with Qualcomm Technologies and its Snapdragon platform, and grow operations at its new London Design Hub
Carl Pei-led consumer tech brand Nothing has raised $70 million in a Series B fundraise round. The round was co-led by EQT Ventures and C Ventures and with participation from GV, Tony Fadell’s Future Shape, Gaorong Capital and Animoca Brands.
The new investment brings the total raised by Nothing to $144 million to date, including $1.5 million from its first community investment round.
The funding will be used to create new product categories in partnership with Qualcomm Technologies and its Snapdragon platform, and grow operations at its new London Design Hub, led by ex-Dyson Head of Design Adam Bates.
“With this round of financing, we have the fuel to realise the next phase of our vision of a seamless digital future. I’m grateful for the support from our community and investors. Our first year was a warmup, and we can’t wait to reveal what we’re building at Nothing during the upcoming event,” said Carl Pei, Nothing CEO and Co-founder.
“We’re delighted to be backing Nothing in this new funding round. For too long, the consumer tech industry has been dominated by the same players, offering customers uninspiring and staid products. Nothing represents a bright, new future – combining innovative design with carbon-neutrality and a forward-thinking approach to help us all re-imagine how we use and interact with our tech,’ said Ted Persson, Partner at EQT Ventures.
The company is set to reveal its 2022 roadmap at an event on March 23. Nothing released its first product, ear (1), carbon-neutral true wireless earbuds in August 2021, shipping over 400,000 units.
