New Delhi: London-based client expertise model Nothing on Wednesday introduced a $96 million fundraising spherical led by Highland Europe, with participation from present buyers GV (Google Ventures), EQT Ventures, and C Capital, together with home music supergroup Swedish House Mafia. With this spherical, Nothing’s complete funding has reached $250 million, as the corporate additionally crossed promoting 1.5 million merchandise.
“In just over two years, we’ve assembled one of the strongest teams in the industry and sold over 1.5 million devices worldwide,” mentioned 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 realize our vision to make tech fun again,” Pei added.
Nothing, which is geared as much as launch a refined Phone (2) in India on July 11, has greater than 450 folks working throughout seven places of work worldwide.
Phone (2) incorporates a decrease carbon footprint than its predecessor because of the corporate’s ongoing sustainability initiatives.
Highland Europe, a London-based enterprise capital agency specializing in high-potential expertise corporations, invested based mostly on Nothing’s success thus far and future potential. Tony Zappala, Partner at Highland Europe, led the current spherical and shall be becoming a member of Nothing’s board.
According to Zappala, “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,” he added.
The firm has to date launched Phone (1), true wi-fi audio units Ear (2) and Ear (Stick).
