Tech startup Nothing becomes UK’s new Unicorn

Tech startup Nothing becomes UK’s new Unicorn - Portugal Business News

Tech startup funding News Europe- Tech startup Nothing just raised USD 200 million, thus reaching a valuation of USD 1.3 billion and becoming UK’s new Unicorn.

British tech company Nothing just raised USD 200 million Series C, led by Tiger Global, with the continued support of their existing shareholders, namely Google Ventures (GV), Highland Europe, EQT Ventures, C Ventures, and influential investors like Tony Fadell (iPod), Casey Neistat, and Kevin Lin (Twitch), as well as new investors Nikhil Kamath and Qualcomm Ventures.

Tech company Nothing was founded in London in 2020 and is a design-led tech company building an alternative to the industry giants and growing from startup to global challenger in just a few years. Nothing is the only independent smartphone company to emerge in the last decade.

Nothing produces award-winning smartphones, and expressive audio and wearables, blending iconic design with intuitive engineering to put people and creativity back at the center of consumer tech.

Nothing was founded by Carl Pei, who also co-founded OnePlus, and is aiming to be the first "AI-native" consumer hardware company, with its first "AI-first" device due out in 2026. The company's revenue reached $500 million in 2024 (+150% YoY), and founder Carl Pei expects it to hit $1 billion this year, according to Dealroom.