Connected tech products brand Nothing has raised £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.
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’s Future Shape.
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.
“With this round of financing, we have the fuel to realise the next phase of our vision of a seamless digital future,” said Carl Pei, Nothing CEO and co-founder. “I’m grateful for the support from our community and investors.
“Our first year was a warmup, and we can’t wait to reveal what we’re building at Nothing.”
The company has partnered with Qualcomm Technologies and its Snapdragon platform.
“We are proud to back a young entrepreneur like Carl, who shares our vision of engaging next generation customers with an artistic approach,” said Adrian Cheng, C Ventures founder and CEO of New World Development.
“We are excited to support Nothing’s mission to break the hegemony of consumer tech giants and embark on an ambitious journey to challenge the status quo.”