Business

Nothing closes $96 mn round ahead of Phone (2) launch

“In just over two years, we’ve assembled one of the strongest teams in the industry and sold over 1.5 million devices worldwide,” said Carl Pei

DT NEXT Bureau

NEW DELHI: London-based consumer technology brand Nothing on Wednesday announced a $96 million fundraising round led by Highland Europe, with participation from existing investors GV (Google Ventures), EQT Ventures and C Capital, along with house music supergroup Swedish House Mafia. With this round, Nothing’s total funding has reached $250 million, as the company also crossed selling 1.5 million products. “In just over two years, we’ve assembled one of the strongest teams in the industry and sold over 1.5 million devices worldwide,” said Carl Pei, Nothing CEO-co-founder. “It’s clear that there’s real demand for an innovative challenger in the consumer tech industry, and with this new round of financing, we’ve never been better positioned to realize our vision to make tech fun again,” Pei added. Nothing is geared up to launch a refined Phone (2) in India on July 11.

Remarks on DMDK not criticism: VCK president Thol Thirumavalavan

'Change your mindset': SC asks Tamil Nadu to comply with direction to identify land for Navodaya Vidyalayas

Jammu NIA court issues NBW against LeT commander linked to Pahalgam, other major terror acts

SC expresses shock over deaths in relief camps in Manipur, asks chief secretary to respond

'Incredible to host BBL opener in Chennai': Voges relishes new challenge

SCROLL FOR NEXT