Tech startup Nothing secures $96 mn

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Tech startup Nothing secures $96 mn
Tech startup Nothing secures $96 mn

Based on Nothing’s success to date and future potential, Highland Europe, a London-based venture capital firm focusing on high-potential technology companies, has invested in the company 

In a fundraising round led by Highland Europe, $96 million was secured by the London-based consumer technology start-up Nothing, with participation from existing investors GV (Google Ventures), EQT Ventures, C Capital, and house music supergroup Swedish House Mafia. The company said just as it crosses 1.5 million products sold milestone, this round brings its total funding to $250 million.

The company said worldwide it has over 450 people working across seven offices. For the young and creative, the company is creating an ecosystem of tech products. These products are thoughtfully built to contribute to a more sustainable future.

“In just over two years, we’ve assembled one of the strongest teams in the industry and sold over 1.5 million devices worldwide,” said Carl Pei, Nothing CEO and Co-founder. “It’s clear that there’s real demand for an innovative challenger in the consumer tech industry, and with this new round of financing, we’ve never been better positioned to realise our vision to make tech fun again.”

Based on Nothing’s success to date and future potential, Highland Europe, a London-based venture capital firm focusing on high-potential technology companies, has invested in the company. Partner Tony Zappalà led the recent round and will be joining Nothing’s board.

“We are thrilled to be partnering with Carl and his team, who share our vision of bridging technology with the younger generation,” said Tony Zappalà, Partner at Highland Europe. “In an industry as challenging as this, it has been quite some time since a new company of this scale and ambition has reached this stage, given the difficulty and complexity of surviving in such a competitive environment. We firmly believe that Nothing has something truly distinctive to offer, coupled with an exceptional team. We are enthusiastic about supporting Nothing as they take on the consumer tech giants and challenge the prevailing norms.”

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