Nothing

Nothing, the London-based consumer technology startup founded by Carl Pei, has successfully closed a $200 million Series C funding round, spearheaded by Tiger Global, achieving a pre-money valuation of $1.3 billion.

Summary of transaction details:

• Value: $200 million (approximately £160 million)
• Sector: DeepTech & AI, Consumer Electronics
• Advisor: None mentioned
• Key Entities: Nothing (Target), Tiger Global (Lead Investor), GV, Highland Europe, EQT, Latitude, I2BF, Tapestry, Qualcomm Ventures, Nikhil Kamath (Other Investors)
• Location: London, UK (Target Company Headquarters)

Note: This funding round marks a strategic shift for Nothing, as the company prepares to accelerate its innovation roadmap towards building an AI-native hardware platform. The capital infusion will facilitate global distribution expansion and the launch of new AI-driven consumer devices, aiming to reinvent the operating system experience by making it hyper-personalised to individual users.