Breaking the Bank: How Nothing, a London Startup, Bagged a Whopping $96 Million!

Breaking the Bank: How 'Nothing', a London Startup, Bagged a Whopping $96 Million!

London-based Startup Nothing Raises $96 Million in Funding Round

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In a major financial coup, London-based startup Nothing, founded by Carl Pei, the co-founder of OnePlus, has secured an impressive $96 million in a recent funding round. The exciting news was shared by Pei himself on his official Twitter handle, creating a buzz in the tech industry. With this significant investment, Nothing aims to expand its business operations into the United States and launch its highly anticipated new smartphone.

The funding round was led by European venture capital firm Highland Europe, with participation from renowned investors such as GV, EQT Ventures, C Capital, and even house music supergroup Swedish House Mafia. Nothing's remarkable success is evident from its sales figures, with over 1.5 million units of their products already sold.

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Nothing's Journey So Far

Nothing was established by Carl Pei in 2019 after his departure from OnePlus. The company's first product, the Ear (1) wireless earbuds, was launched in July 2021 and received rave reviews for its exceptional design and superior sound quality. With global sales surpassing 1.5 million devices, Nothing has firmly established itself as a promising player in the tech industry.

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The Future of Nothing

With the infusion of new funding, Nothing plans to strengthen its team by hiring more hardware specialists and software engineers. The company has expanded its presence with seven offices worldwide and currently employs 450 individuals.

In addition to hardware, Nothing's founder, Carl Pei, has expressed an interest in software development and is likely to focus on creating innovative services and apps.

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Pei's vision is to bring back the fun in technology, acknowledging the demand for an innovative challenger in the consumer tech market. Nothing's success will depend on its ability to compete with established smartphone manufacturers.

Conclusion

Nothing's latest funding round has propelled the company's total financing to an impressive $250 million, including two successful crowdfunding campaigns that raised around $11.5 million. With its strong financial backing, Nothing is well-positioned to achieve its goal of redefining the tech industry and making technology enjoyable again.

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Tech enthusiasts eagerly await the launch of Nothing's new smartphone, although the company will face stiff competition in the highly competitive smartphone market.

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