OnePlus co-founder Carl Pei's Nothing raises $15 mn in Alphabet-led funding
Newly-formed consumer technology company Nothing, a brainchild of OnePlus co-founder
Carl Pei, on Tuesday announced it has raised $15 million in a Series A round
led by GV (formerly Google Ventures), a venture capital investment arm of
Alphabet which is the parent company of Google.
With new funds, the company aims to expand its operations in
Europe with headquarters in London and release its first smart devices in the
coming months, it said in a statement.
"We are grateful to have a venture capital firm of this
calibre help in building Nothing together with us," said Pei, CEO and
co-founder of Nothing.
"We plan to aggressively grow the company, in particular our
R&D and design capabilities, to realise our mission of removing barriers
between people and technology," Pei said.
London-based Nothing has so far raised over $22 million. In
December, the company raised $7 million in seed financing in December that
included tech leaders and investors such as Tony Fadell, Casey Neistat, Kevin
Lin, Steve Huffman and Josh Buckley.
Kunal Shah, Founder, CRED, also invested in Nothing, although the
amount has not been disclosed yet.
"Carl Pei is
a seasoned entrepreneur with marketing, hardware, and distribution experience
that is key to bringing new devices to market," said Tom Hulme, General
Partner at GV.
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