Nothing announces a new $ 70 million Series B funding round, co-led by EQT Ventures and C Ventures and the participation of GV, Tony Fadell’s Future Shape, Gaorong Capital and Animoca Brands. “With this funding round, we have the resources to deliver the next phase of our vision of a borderless digital future,” he comments. Carl Pei, CEO and co-founder of Nothing with David Sanmartin. “I am grateful for the support from our community and investors. Our first year has been a warming period, and we can’t wait to reveal what we are building at our next event.”
The new funding pushes Nothing’s total raised so far to $ 144 million, including $ 1.5 million from its first round of community investment that broke a record for the fastest one million investment made. The funding will be used to create new product categories in partnership with Qualcomm and its Snapdragon platform, and grow operations at its new London Design Hub, led by former Dyson Head of Design Adam Bates.
“For too long, the consumer technology industry has been dominated by the same players, offering customers uninspiring and boring products. Nothing represents a bright new future – thanks to the combination of innovative design and the carbon-neutrality of its products. products and a forward-looking approach, to help all of us re-imagine the way we use and interact with our technology, “he says Ted Persson, partner di EQT Ventures.
“We are proud to support a young entrepreneur like Carl, who shares our vision of engaging next generation customers through an ‘artistic’ approach,” he added. Adrian Cheng, founder of C Ventures and CEO of New World Development. “We are thrilled to support Nothing’s mission to break the hegemony of consumer tech giants and embark on an ambitious journey to challenge the status quo.”
Nothing has launched its first product, the ear (1), true wireless earphones carbon-neutral, as of July 2021, and has so far shipped over 400,000 units. This is the first of a series of connected products without borders, characterized by an original design; others are expected shortly. Further announcements on the 2022 roadmap, including a new round of community investment, will come during the event Nothing: The Truth scheduled for March 23, 2022 at 3 pm.