Overview

• Tiger Global led the round, with participation from GV, Highland Europe, EQT, Latitude, I2BF and Tapestry, alongside new backers Nikhil Kamath and Qualcomm Ventures.
• The financing values Nothing at about $1.3 billion, according to 36Kr’s report on the company’s announcement.
• CEO Carl Pei said smartphones will remain central to the user experience, and the company plans to introduce its first AI‑native devices next year.
• Nothing highlights recent products including Phone (3), which uses Qualcomm’s Snapdragon 8s Gen 4 platform, and its first over‑ear model, Headphone (1).
• Founded in 2020, the London-based hardware maker reports millions of devices shipped, a 150% growth rate in 2024 and crossing $1 billion in cumulative sales early this year.