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.
A consumer electronics manufacturer known for transparent aesthetics and mobile devices, achieving unicorn status with global backing.
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
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
Use of funds
- 01Continue product development
- 02Scale operations
