Get All Access for $5/mo

Nothing Raises $15 Mn In Series A Funding Round Led By GV With the new funding, the company plans to expand its operations in Europe with headquarters in London and release its first smart devices in the coming months

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Carl Pei/Facebook

London-based consumer technology company Nothing on Tuesday announced that it has raised $15 million in a Series A funding round led by GV (formerly Google Ventures).

Nothing is privately held and venture-funded by GV. Other investors include; Casey Neistat, YouTube personality, and co-founder, Beme; Kevin Lin, co-founder, Twitch and Steve Huffman, co-founder and chief executive officer, Reddit.

With the new funding, the company plans to expand its team and operations, further invest in research and development (R&D), as well as launch its community and first products in the coming months.

"We are grateful to have a venture capital firm of this caliber help in building Nothing together with us," shared Carl Pei, chief executive officer, and co-founder, Nothing. "We plan to aggressively grow the company, in particular, our R&D and design capabilities, to realize our mission of removing barriers between people and technology."

Nothing is dedicated to removing the barriers between people and technology to create a seamless digital future. Nothing wants to inspire people to believe in the positive potential of technology again, said the statement.

The new round takes the total amount of financing, the company has raised is to over $22 million.

Previous investors include notable tech leaders and investors such as Casey Neistat, Kevin Lin, Steve Huffman, Kunal Shah.

"Carl Pei is a seasoned entrepreneur with marketing, hardware, and distribution experience that is key to bringing new devices to market," added Tom Hulme, general partner, GV. "His vision for smart devices is compelling, and we have high confidence that with Carl's global mindset, the Nothing team will have a meaningful impact on the market for consumer technology."

The company also plans to open up for its community and the general public to invest as part of its Series A round.

Starting 2021, the platform maintains that it will begin bringing back artistry, passion, and trust to the field of consumer technology.

The announcement comes following Nothing's $7 million seed financing from high-profile entrepreneurs and tech leaders and undisclosed funds from Kunal Shah, founder, CRED.

Prabhjeet Bhatla

Former Staff

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Amazon Pulls Merch Celebrating Alleged UnitedHealthcare CEO Killer Luigi Mangione

Apparel and home goods featuring the phrase "deny, defend, depose" have been pulled from Amazon.

Business News

Alexis Ohanian Says This Is His Best Investment So Far: $10,000 Turned Into More Than $17 Million

Ohanian has backed 40 unicorns, but one investment stands out the most.

Money & Finance

How to Forecast Revenue and Growth

When starting out, financial forecasts may seem overwhelming. We'll help you conquer the numbers with this easy-to-follow guide to forecasting revenues and expenses during startup.

Business News

I Tried Buying a Car on Amazon. Here Are the Pros and Cons.

Amazon Autos just launched, and users can buy a new car online. Here's how it works and what needs to improve.