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Tuesday, June 28, 2022

One Plus co-founder Carl Pei raises extra $50M

After launching its first product in July this year (the Ear (1). Nothing, the audio tech company founded by Swedish One Plus co-founder Carl Pei, announced a “Series A Extension” of $50 million, bringing total investments to  $74 million. The extension follows a $15 million Series A announced in February.

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Nothing announced a $1.5 million equity round. Nothing hasn’t revealed any names of this round, though the Series A was led by GV and was joined by a number of private investors, including Tony Fadell, Casey Neistat, Kevin Lin and Steve Huffman.

The funds will be used for “research and development in preparation for the brand’s entry into new product categories as part of its ecosystem,” as told by Nothing. 

The company also announced a collaboration with Qualcomm. Nothing will use Snapdragon chips in future devices.

“Seamless connectivity is paramount to achieving our vision of a future without barriers between people and technology,” said Carl Pei. “We look forward to working alongside Qualcomm Technologies and our strategic investors to achieve Nothing’s next phase of growth.”

Nothing recently shipped more than 100 000 of its earbud in their first two months. The company has also hinted at additional products, though it has yet to offer up more information. Qualcomm’s Snapdragon line is used to power a wide range of products, from wearables to laptops, though phones have always been the priority of the line.

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Jan Ameri
Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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