Total amount raised
$252.9 Millions
Latest funding date
Location
Nothing has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company focuses on developing digital technology to seamlessly connect products and services.
Keep reading to explore the intricacies of Nothing's fundraising journey and the investors backing this innovative tech company.
What Is Nothing?
Founded in 2020, Nothing is a consumer tech company based in London, England. The company aims to remove barriers between people and technology by developing smart, connected consumer electronics.
Nothing was founded by Akis Evangelidis, Carl Pei, and David Sanmartin Garcia. Their product lineup includes wireless headphones, smartphones, and other innovative devices designed to bring back artistry and passion to consumer technology.
With a team of 501-1000 employees, Nothing continues to push the boundaries of digital technology, creating products that seamlessly connect various services and enhance user experiences.
How Much Funding Has Nothing Raised?
- Seed Round
- Amount Raised: £5M
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Series A
- Amount Raised: £10.8M
- Date: February 2021
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up production and expand the team.
- Equity Crowdfunding
- Amount Raised: €1.2M
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To engage the community and raise initial capital for product development.
- Series A
- Amount Raised: £36.7M
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch of new products and expand market reach.
- Series B
- Amount Raised: $70M
- Date: March 2022
- Lead Investors: C Ventures, EQT Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and support the development of new technologies.
- Equity Crowdfunding
- Amount Raised: €6.3M
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further engage the community and raise additional capital for expansion.
- Equity Crowdfunding
- Amount Raised: €6.3M
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue community engagement and support product launches.
- Series C
- Amount Raised: $96M
- Date: June 2023
- Lead Investors: Highland Europe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch of the Phone (2) and expand into the U.S. market.
Total Amount Raised: $250M. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures (GV)
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. It provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Technology, life sciences, consumer products.
- Notable Investments: Uber, Slack, Nest.
- EQT Ventures
- Details: EQT Ventures is a European venture capital firm that invests in technology-driven companies. It supports companies from early-stage startups to growth-stage enterprises.
- Investment Focus Areas: Technology, consumer products, services.
- Notable Investments: Small Giant Games, Wolt, Handshake.
- C Capital
- Details: C Capital is an investment firm focusing on private equity and venture capital. It aims to support innovative companies across various sectors.
- Investment Focus Areas: Private equity, venture capital, real estate.
- Notable Investments: Not publicly disclosed.
- Highland Europe
- Details: Highland Europe is a growth-stage technology investor. It focuses on helping companies scale and expand their market reach.
- Investment Focus Areas: Growth-stage technology companies.
- Notable Investments: MatchesFashion, WeTransfer, Malwarebytes.
- Swedish House Mafia
- Details: Swedish House Mafia is an electronic music group known for their influence in the music industry. They have recently ventured into strategic tech investments.
- Investment Focus Areas: Music, entertainment, technology.
- Notable Investments: Not publicly disclosed.
What's Next for Nothing?
With the launch of the Nothing Phone (2) in the U.S. market, Nothing is poised to tap into a significant growth opportunity. The $96 million recently raised will fuel innovation and expansion, potentially making Nothing a formidable player in the consumer tech industry. The company has already sold over 1.5 million devices, indicating a strong market presence.
Future fundraising seems promising, given the successful rounds and high-profile investors like Google Ventures and Highland Europe. However, Nothing will face challenges such as intense competition and the need for continuous innovation to stay relevant. Maintaining quality while scaling operations will be crucial for sustained growth.
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