What you need to know
- OnePlus co-founder Carl Pei, who left the company in October, has raised $7 million in seed financing for his new tech venture.
- The new "audio-related" company plans to launch its first products next year.
- It will be headquartered in London.
In October this year, OnePlus co-founder Carl Pei decided to leave the company to start his own venture. Pei has now announced that he has successfully raised $7 million in seed financing from his friends and family for the new venture, which is set to be unveiled early next year.
The lineup of seed investors in Pei's new venture includes iPod inventor Tony Fadell, YouTuber Casey Neistat, Twitch co-founder Kevin Lin, Reddit CEO Steve Huffman, PCH CEO Liam Casey, Web Summit founder Paddy Cosgrave, and Product Hunt CEO Josh Buckley.
Carl Pei said in a statement:
According to a report from Wired, the upcoming venture is audio-related, and the first products are expected to be launched next year. While Pei still hasn't revealed all the details, he says the company will have a broader focus than just headphones.
Pei told Wired that he didn't feel constrained at OnePlus but decided to leave the company as he wanted to try something different.
Pei has also denied claims that he had a fallout with OnePlus co-founder and CEO Pete Lau.
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