Connected tech products brand Nothing has raised 拢53 million in Series B funding.
Nothing released its first product, ear (1), a carbon-neutral wireless earbud, in August 2021, shipping over 400,000 units.听
The London company has now raised $144m in total following the round co-led by EQT Ventures and C Ventures and including follow-on investors GV and Tony Fadell鈥檚 Future Shape.听
The new funding will go towards scaling its product ecosystem and establishing its London Design Hub, led by ex-Dyson head of design Adam Bates.
鈥淲ith this round of financing, we have the fuel to realise the next phase of our vision of a seamless digital future,鈥� said Carl Pei, Nothing CEO and co-founder. 鈥淚鈥檓 grateful for the support from our community and investors.
鈥淥ur first year was a warmup, and we can鈥檛 wait to reveal what we鈥檙e building at Nothing.鈥�
The company has partnered with Qualcomm Technologies and its Snapdragon platform.听
鈥淲e are proud to back a young entrepreneur like Carl, who shares our vision of engaging next generation customers with an artistic approach,鈥� said Adrian Cheng, C Ventures founder and CEO of New World Development.
鈥淲e are excited to support Nothing鈥檚 mission to break the hegemony of consumer tech giants and embark on an ambitious journey to challenge the status quo.鈥�