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Evening Standard
Evening Standard
Business
Mark Banham

London gadget maker backed by iPod inventor raises $70 million

London Nothing Carl Pei Tony Fadell

Nothing cofounder Carl Pei

(Picture: Nothing)

London-based gadget company Nothing, backed by the co-inventor of the iPod Tony Fadell, has raised a further £70 million (£53 million) in a Series B funding round led by EQT Ventures and C Ventures.

The new investment brings the total raised by Nothing to $144 million, including $1.5 million from its first community investment round. The new funds will be used to develop Nothing’s product range and expand the London Design Hub at the company, helmed by ex-Dyson head of design Adam Bates.

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