Gadget maker powered by iPod Inventor earns $70 million

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ondongimmick-based company None, backed by iPod co-inventor Tony Fadel, has raised £70m (£53m) in a Series B funding round led by EQT Ventures and C Ventures.

the new investment bring the sum It raised none to $144 million, including $1.5 million from its first round of community investment. the new funds It will be used to develop Nothing’s product suite and expand the company’s London Design Hub, led by former Dyson chief design officer Adam Bates.

“With this round of financing, we have fuel To achieve the next stage of Vision “For a seamless digital future,” founder Carl Bay said.

“I am grateful for the support of our community and our investors. Our first year was a warm-up period, and we can’t wait to reveal what we’re building into nothing.

None actually has a string of notable tech backers, including Redditt CEO and co-founder Steve Hoffman, Twitch co-founder Kevin Lane, and YouTube star Casey Neistat. The company also has the backing of GV Corporation, formerly known as Google Ventures.

The company, led by co-founder One Plus Pei, is currently best known for its wireless in-ear headphones. Its first product line was a line of carbon-neutral wireless headphones launched in August 2021 that have sold over 400,000 units.

Sources close to the tech company say nothing is set to expand its product lineup with the launch of a smartphone at an event later this month.

“We are proud to support a young entrepreneur like Carl, who shares our vision of engaging next-generation clients with an artistic approach,” said Adrian Cheng, founder of C Ventures and managing director of New World Development.

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“We are thrilled to support Mission None to break the dominance of consumer technology giants and embark on an ambitious journey to challenge the status quo.”

Samantha Arnold

<p class="sign">"Web fanatic. Travel scholar. Certified music evangelist. Coffee expert. Unapologetic internet guru. Beer nerd."</p>

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