Nothing, a UK-based consumer technology developer that counts internet and technology conglomerate Alphabet as a backer, has added $50m to grow its series A round to $65m.
The company has not disclosed the investors in the extension but said it came concurrently to a collaboration with chipmaker Qualcomm to power future tech products.
Founded in 2020 by Carl Pei, founder of smartphone maker OnePlus, Nothing released a pair of true wireless earbuds called the Ear (1) in July this year, and said it will use the proceeds for research and development as it looks to enter new product categories.
GV, a corporate venturing subsidiary of Alphabet, led the $15m first tranche of the round in February this year, following $7m in seed financing from angel investors Tony Fadell, Casey Neistat, Paddy Cosgrave, Steve Huffman, Josh Buckley, Kevin Lin and Liam Casey in December 2020.
