Nothing, the global tech company focused on creating enjoyable and sustainable tech products, has announced a successful funding round that raised $96 million. The funding round was led by Highland Europe, with participation from existing investors GV, EQT Ventures, and C Capital, as well as Swedish House Mafia.
Nothing’s mission is to bring back the joy in technology by combining cutting-edge design, innovative user interfaces, and community collaboration. With a team of over 450 people and a global presence, the company is dedicated to creating tech products for young and creative individuals, with an emphasis on sustainability.
To ensure user satisfaction, Nothing actively engages with its community through feedback programs, incorporating consumer insights into product development. The company has gained over 8,000 private investors through community financing rounds and has even appointed a community member as a Board Observer to ensure user perspectives are considered in decision-making.
In less than three years, Nothing has established itself as a notable player in the tech industry. Their Phone (1) garnered significant anticipation and was recognized as one of Time Magazine’s “Best Inventions of 2022” for its innovative design. The Phone (1) and other products like Ear (2) and Ear (Stick) have also received the prestigious Red Dot Design Award.
Looking ahead, Nothing is preparing to launch Phone (2) on July 11th. The new phone boasts a lower carbon footprint, aligning with the company’s commitment to sustainability.
Expressing his optimism, Carl Pei, Nothing CEO and Co-founder, stated, “With a strong team and over 1.5 million devices sold worldwide in just over two years, it’s clear that there’s a demand for innovation in the consumer tech industry. This new round of financing puts us in the best position to realize our vision of making tech fun again.”
Tony Zappalà, Partner at Highland Europe, commented on the announcement, saying, “We’re excited to partner with Carl and his team, who share our vision of connecting technology with the younger generation. In such a challenging industry, it’s rare for a new company of this scale and ambition to reach this stage. We believe Nothing has something truly unique to offer, backed by an exceptional team. We’re eager to support Nothing as they challenge the consumer tech giants and disrupt the status quo.”
Data Table Format:
|Title||Nothing secures $96 million in funding to expand product and tech offerings|
|Funding Round Participants||Highland Europe, GV, EQT Ventures, C Capital, Swedish House Mafia|
|Nothing’s Vision||Making tech enjoyable and sustainable; creating tech products for young and creative individuals|
|User Engagement||Community feedback programs, over 8,000 private investors, Board Observer representing user perspectives|
|Design Excellence||Recognized in Time Magazine’s “Best Inventions of 2022” list, Red Dot Design Award winners|
|Upcoming Launch||Phone (2) on July 11th, featuring a lower carbon footprint|
|CEO Statement||Carl Pei: “This new round of financing puts us in the best position to realize our vision of making tech fun again.”|
|Partner Comment||Tony Zappalà, Partner at Highland Europe: “We believe Nothing has something truly unique to offer, backed by an exceptional team. We’re eager to support Nothing as they challenge the consumer tech giants and disrupt the status quo.”|