Kunal Shah backs OnePlus co-founder Carl Pei's consumer electronics company
Serial entrepreneur Kunal Shah is backing the new venture of Carl
Pei, the Swedish tech entrepreneur and co-founder of smartphone company OnePlus. Pei has
received seed investment from Shah, who has added the London based venture into
his portfolio. Pei is working on a stealth project that he plans to unveil this
month.
“Kunal (Shah) is one of the sharpest people I know. I am proud and
glad to have him as a friend, advisor and now also an investor,” said Carl Pei.
“We are in advanced stages of our vision and are excited to introduce it to the
world soon.”
Pei had already raised $7 million in a seed financing round for
his new venture from friends and private investors including Tony Fadell
(Principal at Future Shape and inventor of the iPod), Casey Neistat (YouTuber),
Kevin Lin (co-founder of Twitch). The other investors include Steve Huffman
(CEO of Reddit), Liam Casey (founder and CEO, PCH), Paddy Cosgrave (founder of
Web Summit) and Josh Buckley (CEO of Product Hunt).
“Carl (Pei) is working on a new consumer electronics company
that I am sure will be a disruptor in the tech-industry,” said Shah, who is
also the founder of fintech firm CRED. “I am excited to be part of this
journey.”
Shah has invested in multiple sectors through his career and this
investment is in his personal capacity.
Budget News: unionbudget2021-2022
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