London-based client expertise model Nothing on Wednesday introduced a $96 million fundraising spherical led by Highland Europe, with participation from present traders GV (Google Ventures), EQT Ventures and C Capital, together with home music supergroup Swedish Home Mafia. Additionally Learn – Upcoming telephones in July 2023: Nothing Telephone (2), Realme Narzo 60, and extra
With this spherical, Nothing‘s complete funding has reached $250 million, as the corporate additionally crossed promoting 1.5 million merchandise. Additionally Learn – Nothing Telephone (2) to return with Swedish Home Mafia Glyph Sound pack
“In simply over two years, we’ve assembled one of many strongest groups within the trade and offered over 1.5 million units worldwide,” mentioned Carl Pei, Nothing CEO and Co-founder. Additionally Learn – Nothing Telephone (2) pre-orders start on June 29 on Flipkart
“It’s clear that there’s actual demand for an modern challenger within the client tech trade, and with this new spherical of financing, we’ve by no means been higher positioned to appreciate our imaginative and prescient to make tech enjoyable once more,” Pei added.
We’re excited to share that we’ve not too long ago closed a $96M financing spherical, led by Highland Europe, with participation from @GVteam, @EQTVentures, C Capital and @swedishousemfia alongside others.
As we’ve simply crossed 1.5M merchandise offered, this marks a brand new milestone on our journey… pic.twitter.com/ObmJwUIHuh
— Nothing (@nothing) June 28, 2023
Nothing, which is geared as much as launch a refined Telephone (2) in India on July 11, has greater than 450 folks working throughout seven places of work worldwide.
Telephone (2) encompasses a decrease carbon footprint than its predecessor on account 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 to this point and future potential. Tony Zappala, Companion at Highland Europe, led the latest spherical and can be becoming a member of Nothing’s board.
In line with Zappala, “We firmly imagine that Nothing has one thing really distinctive to supply, coupled with an distinctive group”.
“We’re captivated with supporting Nothing as they tackle the patron tech giants and problem the prevailing norms,” he added.
The corporate has thus far launched Telephone (1), true wi-fi audio units Ear (2) and Ear (Stick).