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Nothing has adopted a unique hybrid investment strategy, blending traditional venture capital with community-driven crowdfunding. Since its founding in 2020 by Carl Pei, the company has raised over $250 million across several funding rounds, with backing from prominent investors, angel investors and thousands of individuals worldwide.
Funding Rounds Seed Round Nothing raised approximately £5 million in seed funding in December 2020 to establish operations and kickstart product development.*
Series A Funding In February 2021, the company secured its first institutional Series A, raising $15 million, led by Google Ventures (GV) - marking the foundational capital for growth.*
Simultaneously, Nothing ran their first community crowdfunding.
Series A Extension In October 2021, Nothing announced a Series A extension, attracting an additional $50 million. This brought total Series A funding to approximately $74 million.*
Series B Funding In March 2022, Nothing closed a $70 million Series B round, co-led by EQT Ventures and C Ventures. Other participant investors included GV, Tony Fadell’s Future Shape, Gaorong Capital and Animoca Brands. This took the total funding raised to $144 million from venture and community rounds.*
Series B1 Alongside another wave of community crowdfunding, Nothing closed a $96 million financing round in June 2023, led by Highland Europe, with continued support from GV, EQT Ventures and C Capital, alongside Swedish House Mafia.*
As of this round, total funding reportedly surpassed $250 million, and the company attracted over 8,000 private investors through its community investment initiatives.*
Series C In September 2025, Nothing announced they’d secured a further $200 million at a $1.3 valuation, led by Tiger Global, with significant support from existing shareholders GV, Highland Europe, EQT, Latitude, I2BF and Tapestry, alongside new strategic backing from Nikhil Kamath and Qualcomm Ventures.*
Key Institutional Investors Investor Biography Google Ventures (GV) Lead investor in the Series A round. GV’s backing marked an early vote of confidence from a major tech-aligned venture capital firm. EQT Ventures Co-led the Series B round, known for investing in transformative tech startups. C Ventures / C Capital Backed multiple rounds, providing support during Series B and Series B1 funding. Highland Europe Led the $96M Series B1 round in 2023, helping scale Nothing’s product and market expansion. Future Shape (Tony Fadell) Participated in Series B. Fadell, co-creator of the iPod and founder of Nest, is a major name in design-forward hardware. Animoca Brands Participated in Series B, reflecting interest in Nothing’s early Web3 and NFT experiments (e.g., Dots). Gaorong Capital Participated in Series B as part of Nothing’s expansion into Asian markets. Swedish House Mafia The electronic music trio joined as strategic investors in 2023, supporting Nothing’s brand-creative direction. A Swedish House Mafia Glyph Composer pack was subsequently released. Tiger Global Led the $200M Series C round in 2025.
Key people Name Role Biography Carl Pei Co-founder & CEO Leads company direction, product philosophy, and long-term strategy. Best known for co-founding OnePlus, where he oversaw product development and global marketing. Akis Evangelidis Co-founder & India President Focuses on brand, operations, and market strategy. Formerly at OnePlus. Tony Fadell Strategic Investor iPod co-creator and founder of Nest Labs; known for his design-driven investment approach. Swedish House Mafia Strategic Partners/Investors Creators of the Swedish House Mafia Glyph Composer pack. Casey Neistat Angel Investor & Ambassador Popular tech YouTuber; early public supporter and face of Nothing’s launch campaigns. Kevin Lin Angel Investor Co-founder of Twitch; joined during early funding. Nikhil Kamath Investor Co-founder of retail stockbroker, Zerodha.