Nothing has announced that it has successfully raised $96 million in a recent funding round spearheaded by Highland Europe, with contributions from current investors such as GV, EQT Ventures, and C Capital, as well as Swedish House Mafia.
Nothing’s Vision and Achievements
With a global presence and a team of over 450 people, Nothing aims to make tech enjoyable once again. By combining cutting-edge design, innovative user interfaces, and community collaboration, Nothing is creating a range of tech products for young and creative individuals, with a focus on sustainability.
Nothing strives to bridge the gap between the company and its users. They actively seek consumer insights through community feedback programs, driving product innovation. With over 8,000 private investors gained through community financing rounds, Nothing is dedicated to keeping user interests at the forefront.
In fact, they have appointed a community member as a Board Observer to ensure user perspectives are considered in decision-making processes.
Innovation and Design Excellence
In less than three years, Nothing has made a mark as a viable alternative in the tech industry. Their Phone (1) was highly anticipated and recognized in Time Magazine’s “Best Inventions of 2022” list for its innovative design. The Phone (1) and other products, such as Ear (2) and Ear (Stick), have received the prestigious Red Dot Design Award.
Looking ahead, Nothing is gearing up to launch Phone (2) on July 11th, which boasts a lower carbon footprint thanks to the company’s commitment to sustainability.
Speaking at the announcement, Carl Pei, Nothing CEO and Co-founder, said:
With a strong team and over 1.5 million devices sold worldwide in just over two years, it’s clear that there’s a demand for innovation in the consumer tech industry. This new round of financing puts us in the best position to realize our vision of making tech fun again.
Commenting on the announcement, Tony Zappalà, Partner at Highland Europe, said:
We’re excited to partner with Carl and his team, who share our vision of connecting technology with the younger generation. In such a challenging industry, it’s rare for a new company of this scale and ambition to reach this stage.
We believe Nothing has something truly unique to offer, backed by an exceptional team. We’re eager to support Nothing as they challenge the consumer tech giants and disrupt the status quo.