OnePlus co-founder Carl Pei’s London-based purchaser tech startup Nothing has now lifted a whopping $70 million Series B fundraise. The round was co-led by EQT Ventures and C Ventures and involved comply with-on buyers GV and Tony Fadell’s Future Condition.
The funding will be made use of to produce new product types in partnership with Qualcomm Technologies and its Snapdragon platform and create operations at its new London Style Hub. The corporation is also looking at a new neighborhood investment decision spherical quickly.
The more investment delivers its overall elevate to $144 million to day, including $1.5 million from its 1st community investment decision round. It experienced previously been backed by Google Ventures (GV), the undertaking arm of Google’s mother or father company, Alphabet.
Carl Pei, co-founder and CEO, Nothing claimed: “With this funding, we can now work on the subsequent phase of our eyesight of a seamless electronic future.”
Adrian Cheng, founder and CEO of new environment advancement at C Ventures stated: “Nothing is on a mission to crack the hegemony of shopper tech giants and embark on an bold journey to problem the position quo.
The startup, which produced its initial products, ear (1), the carbon-neutral correct wi-fi earbuds in August 2021, transported above 400,000 units.
