What you need to know
- Carl Pei's London-based startup Nothing has raised $15 million in series A funding, with the round led by Alphabet's GV.
- Nothing says it will use the funds to scale operations and invest in R&D.
- Nothing's first product will include wireless headphones that will debut in the summer, with other smart products launching later in the year.
Carl Pei left OnePlus back in October to start his own venture. We got more information on what he's planning a few weeks ago when he announced the name for the startup: it's called Nothing. Today, the startup announced that it is raising $15 million in series A funding, with the round led by GV, Alphabet's venture capital wing.
Nothing says that it will use the funds to "expand its team and operations, further invest in R&D, as well as launch its community and first products in the coming months." According to Bloomberg, Nothing's first product will be wireless headphones — slated to debut in the summer — followed by a "suite of smart, connected" products launching later in the year.
As for launching a community, Pei was integral in setting up OnePlus' global community, so it's no wonder that he's trying to emulate the same at Nothing. From Pei:
From Tom Hulme, General Partner at GV:
The funding round puts Nothing's total investment to date at $22 million — Pei previously announced that he raised $7 million in seed financing from friends and family, including YouTuber Casey Neistat, Twitch co-founder Kevin Lin, Reddit CEO Steve Huffman, and CRED founder Kunal Shah.
Harish Jonnalagadda is a Senior Editor overseeing Asia at Android Central. He leads the site's coverage of Chinese phone brands, contributing to reviews, features, and buying guides. He also writes about storage servers, audio products, and the semiconductor industry. Contact him on Twitter at @chunkynerd.
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