Global consumer tech brand Nothing has successfully completed its latest funding round of nearly $100 million, led by European investment firm Highland Europe, with EverYi Capital participating as a co-investor.
Several existing institutional investors, including Google Ventures (GV), Swedish investment firm EQT, and C Ventures, also continued to support the round. The funding will be used to accelerate Nothing’s technology innovation and product development.
Nothing: Redefining Consumer Tech with Innovation
Founded in October 2020, Nothing is a London-based consumer technology company with a mission to make technology fun again. The company is committed to creating unique consumer electronics that deliver not only function but also an engaging and enjoyable user experience.
In August 2021, Nothing launched its first product, the Ear (1) true wireless earbuds, which were hailed by Wired magazine as an “AirPods Pro killer”. By the end of 2022, the company had sold over 500,000 units.
Building on this success, Nothing introduced the Ear (stick) in October 2022, a semi-open wireless earbud featuring enhanced sound quality, battery life, and personalized tuning. The product’s innovative design captivated young consumers and won the prestigious 2023 Red Dot Design Award.
In July 2022, Nothing made its boldest move yet by launching its first smartphone, the Phone (1). Featuring an innovative transparent back panel and a Glyph Interface with 900 mini-LED lights, the Phone (1) delivered a fresh take on smartphone design and interaction. The product achieved strong sales across Europe, East Asia, India, and the Middle East, winning numerous awards, including:
🏆 TIME Magazine’s “Best Inventions 2022 – Innovative Smartphone Design”
🏆 2023 Red Dot Design Award
A Vision to Challenge the Status Quo
“In just over two years, we have built one of the strongest teams in the industry and sold over 1.5 million devices globally. With this latest funding round, we are now in an even stronger position to focus on product innovation and differentiation,” said Carl Pei, Founder and CEO of Nothing. “We don’t aim to be Apple in 2023—we want to be the Apple of the 1980s.”
EverYi Capital: Investing in the Future of Consumer Tech
EverYi Capital partner, Jason Tsai, expressed enthusiasm for Nothing’s potential:
“The open nature of the Android ecosystem has always welcomed partners that bring fresh design and high-quality products. Nothing, originating from Europe with a team rich in global consumer tech experience, excites us with its vision and execution. We look forward to seeing Nothing bring more fun and joy to everyday technology users.”
Nothing’s Next Move: The Phone (2) & Beyond
Nothing is set to launch its second smartphone, the Phone (2), in July 2023. With support from this new round of investors, the company aims to:
✔ Expand its product lineup with cutting-edge innovations
✔ Advance OS development and software-hardware integration
✔ Enhance interactive user experiences
As Nothing continues to push the boundaries of consumer technology, we eagerly anticipate the transformative impact it will have on the global tech landscape.
About EverYi Capital
EverYi Capital is a private equity firm specializing in consumer investments, founded in 2015 with offices in Shanghai, Hong Kong, and Taipei. With deep roots in Greater China’s consumer market and a global investment outlook, EverYi Capital supports brands in navigating the challenges and opportunities of the evolving consumer industry.
The firm’s team consists of former AEA Investors Asia professionals and seasoned consumer industry experts, collectively bringing over 40 years of successful investment experience.
About Nothing
Founded in London in 2020, Nothing is on a mission to make technology fun again. The company’s debut smartphone, the Phone (1), was named one of TIME magazine’s Best Inventions of 2022.
Through innovative user experiences and design, Nothing is building a new tech ecosystem tailored for young and creative users. The company actively engages its community of over 8,000 individual investors in product co-creation and places social responsibility and sustainability at the core of its development process.
With Nothing’s continued expansion, the future of consumer technology just got a whole lot more exciting. 🚀
Original: https://mp.weixin.qq.com/s/0_zFiHmsmJdR0WNhqzU1Bw (translated by ChatGPT)
EverYi Capital | July 4, 2023