Series B9 March 2022

Nothing secures £53.1m Series B funding to scale its product ecosystem

The financing round was co-led by EQT Ventures and C Ventures to support product expansion and design hub growth.

£53.1MSeries B

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.

London-based consumer technology firm Nothing has secured £53.1m in a Series B funding round co-led by EQT Ventures and C Ventures. Additional participants in the financing include GV, Future Shape, Gaorong Capital and Animoca Brands. The company will direct the capital towards scaling its product ecosystem and expanding operations at its London Design Hub.

The latest injection of funds follows the commercial release of the firm's first product, the ear (1) earbuds, which shipped over 400,000 units. Nothing plans to unveil further details regarding its 2022 roadmap during a dedicated virtual community event later in the month.

From the founder

"With this round of financing, we have the fuel to realise the next phase of our vision of a seamless digital future,"

Carl Pei

CEO and Co-founder at Nothing

Investor perspective

"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,"

Ted Persson

Partner, EQT Ventures