Nothing raises £10.9m in Series A funding led by GV to launch smart devices
GV led the Series A financing round to help finance research, development, and upcoming product launches.
Nothing is a consumer technology company based in London that builds connected hardware ecosystems. Its debut product was the carbon-neutral ear (1) wireless earbuds.
Nothing has secured £10.9m in a Series A funding round led by GV, taking its total financing to £16m. The capital will support team expansion, research and development, and the upcoming launch of the company's first smart devices.
The latest investment follows an earlier seed round of £5.1m backed by various technology entrepreneurs. The firm also intends to open a portion of the Series A round to the wider public and its community in the coming weeks.
GV General Partner Tom Hulme cited Carl Pei's sector experience as a key factor in the investment decision. Nothing plans to scale its design capabilities from its London headquarters as it prepares its initial product rollout.
From the founder
"We are grateful to have a venture capital firm of this caliber help in building Nothing together with us,"
Carl Pei
CEO and Co-founder at Nothing
Investor perspective
"Carl Pei is a seasoned entrepreneur with marketing, hardware, and distribution experience that is key to bringing new devices to market,"
Tom Hulme
Managing Partner and Head of Europe, GV
Use of funds
- 01Grow the team
- 02Fund research and development
- 03Scale operations
Investors
Categories
About the company
Nothing
Nothing designs and builds consumer technology products to connect people and devices.