Nothing valuation, funding and investors
Nothing works in consumer electronics retail, based in London, United Kingdom. Founded in 2020, it has about 31,100 employees.
- Last round
- Series C · $200M · Sep 2025
- Valuation at last round
- $1.30B
- Headcount
- 31,104 · up
- Grade
- B
- Founded
- 2020
Nothing valuation today
VCMC values Nothing at $1.8B today, with a range of $1.1B to $2.0B and a grade of B. The valuation starts from its last funding round, a Series C round in Sep 2025.
Valuation by date (88 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2020 | $10.2M | $3.72M – $28.1M | $11.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $10.3M | $3.75M – $28.3M | $11.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $10.4M | $3.78M – $28.6M | $11.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $10.5M | $3.82M – $28.8M | $11.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $10.6M | $3.85M – $29.1M | $11.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $10.7M | $3.89M – $29.3M | $11.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $10.8M | $3.92M – $29.6M | $12.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $10.9M | $3.96M – $29.9M | $12.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $11.0M | $3.99M – $30.1M | $12.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $11.1M | $4.03M – $30.4M | $12.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $11.2M | $4.07M – $30.7M | $12.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $42.8M | $28.1M – $130M | $85.6M (+100%) | after a round | – | unknown | C | 0% |
| 2 Dec 2020 | $42.9M | $28.1M – $130M | $85.6M (+100%) | after a round | – | unknown | C | 0% |
| 1 Jan 2021 | $45.4M | $28.1M – $130M | $85.6M (+89%) | after a round | – | unknown | C | 0% |
| 1 Feb 2021 | $48.2M | $28.1M – $130M | $85.6M (+78%) | after a round | – | unknown | C | 0% |
| 1 Mar 2021 | $50.8M | $28.1M – $130M | $85.6M (+69%) | after a round | – | unknown | C | 0% |
| 1 Apr 2021 | $53.9M | $28.1M – $130M | $85.6M (+59%) | after a round | – | unknown | C | 0% |
| 1 May 2021 | $57.0M | $28.1M – $130M | $85.6M (+50%) | after a round | – | unknown | C | 0% |
| 1 Jun 2021 | $60.5M | $28.1M – $130M | $85.6M (+42%) | after a round | – | unknown | C | 0% |
| 1 Jul 2021 | $64.0M | $28.1M – $130M | $85.6M (+34%) | after a round | – | unknown | C | 0% |
| 1 Aug 2021 | $67.9M | $28.1M – $130M | $85.6M (+26%) | after a round | – | unknown | C | 0% |
| 1 Sep 2021 | $72.0M | $28.1M – $130M | $85.6M (+19%) | after a round | – | unknown | C | 0% |
| 1 Oct 2021 | $76.2M | $28.1M – $130M | $85.6M (+12%) | after a round | – | unknown | C | 0% |
| 14 Oct 2021 | $173M | $122M – $442M | $311M (+80%) | after a round | – | unknown | C | 0% |
| 1 Nov 2021 | $178M | $122M – $442M | $311M (+75%) | after a round | – | unknown | C | 0% |
| 1 Dec 2021 | $187M | $122M – $442M | $311M (+66%) | after a round | – | unknown | C | 0% |
| 1 Jan 2022 | $197M | $122M – $442M | $311M (+58%) | after a round | – | unknown | C | 0% |
| 1 Feb 2022 | $207M | $122M – $442M | $311M (+51%) | after a round | 320 | unknown | C | 0% |
| 1 Mar 2022 | $216M | $122M – $442M | $311M (+44%) | after a round | 320 | unknown | C | 0% |
| 10 Mar 2022 | $388M | $273M – $825M | $582M (+50%) | after a round | 320 | unknown | B | 0% |
| 1 Apr 2022 | $398M | $273M – $825M | $582M (+46%) | after a round | 320 | unknown | B | 0% |
| 1 May 2022 | $411M | $273M – $825M | $582M (+41%) | after a round | 320 | unknown | B | 0% |
| 1 Jun 2022 | $426M | $273M – $825M | $582M (+37%) | after a round | 320 | unknown | B | 0% |
| 1 Jul 2022 | $440M | $273M – $825M | $582M (+32%) | after a round | 320 | unknown | B | 0% |
| 1 Aug 2022 | $456M | $273M – $825M | $582M (+28%) | after a round | 320 | unknown | B | 0% |
| 1 Sep 2022 | $471M | $273M – $825M | $582M (+23%) | after a round | 320 | unknown | B | 0% |
| 1 Oct 2022 | $487M | $273M – $825M | $582M (+19%) | after a round | 320 | unknown | B | 0% |
| 1 Nov 2022 | $504M | $273M – $825M | $582M (+15%) | after a round | 320 | unknown | B | 0% |
| 1 Dec 2022 | $522M | $273M – $825M | $582M (+12%) | after a round | 320 | unknown | B | 0% |
| 1 Jan 2023 | $540M | $273M – $825M | $582M (+8%) | after a round | 320 | unknown | B | 0% |
| 1 Feb 2023 | $559M | $273M – $825M | $582M (+4%) | after a round | 320 | unknown | B | 0% |
| 1 Mar 2023 | $576M | $273M – $825M | $582M (+1%) | after a round | 320 | unknown | B | 0% |
| 1 Apr 2023 | $1.1B | $509M – $1.5B | $1.1B (0%) | after a round | 5,200 | growing | B | 0% |
| 1 May 2023 | $1.1B | $515M – $1.5B | $1.1B (0%) | after a round | 5,200 | growing | B | 0% |
| 1 Jun 2023 | $1.1B | $521M – $1.5B | $1.1B (0%) | after a round | 5,200 | growing | B | 0% |
| 29 Jun 2023 | $986M | $694M – $1.5B | $1.1B (+10%) | after a round | 5,200 | growing | B | 0% |
| 1 Jul 2023 | $986M | $694M – $1.5B | $1.1B (+10%) | after a round | 5,200 | growing | B | 0% |
| 1 Aug 2023 | $994M | $694M – $1.5B | $1.1B (+9%) | after a round | 5,200 | growing | B | 0% |
| 1 Sep 2023 | $1.0B | $694M – $1.5B | $1.1B (+8%) | after a round | 5,200 | unknown | B | 0% |
| 1 Oct 2023 | $1.1B | $750M – $1.9B | $1.3B (+25%) | after a round | 13,000 | growing | B | 0% |
| 1 Nov 2023 | $1.1B | $769M – $1.9B | $1.3B (+21%) | after a round | 13,000 | growing | B | 0% |
| 1 Dec 2023 | $1.1B | $788M – $1.9B | $1.3B (+19%) | after a round | 13,000 | growing | B | 0% |
| 1 Jan 2024 | $1.1B | $808M – $1.9B | $1.3B (+16%) | after a round | 13,000 | growing | B | 0% |
| 1 Feb 2024 | $1.2B | $829M – $1.9B | $1.3B (+13%) | after a round | 13,000 | growing | B | 0% |
| 1 Mar 2024 | $1.2B | $867M – $1.9B | $1.4B (+11%) | after a round | 15,000 | growing | B | 0% |
| 1 Apr 2024 | $1.3B | $877M – $1.9B | $1.4B (+8%) | after a round | 15,000 | growing | B | 0% |
| 1 May 2024 | $1.3B | $877M – $1.9B | $1.4B (+5%) | after a round | 15,000 | growing | B | 0% |
| 1 Jun 2024 | $1.3B | $877M – $1.9B | $1.4B (+2%) | after a round | 15,000 | growing | B | 0% |
| 1 Jul 2024 | $1.4B | $912M – $2.0B | $1.4B (0%) | after a round | 18,000 | growing | B | 0% |
| 1 Aug 2024 | $1.4B | $905M – $2.0B | $1.4B (0%) | after a round | 18,000 | growing | B | 0% |
| 1 Sep 2024 | $1.4B | $898M – $2.0B | $1.4B (0%) | after a round | 18,000 | growing | B | 0% |
| 1 Oct 2024 | $1.4B | $891M – $2.0B | $1.4B (0%) | after a round | 18,000 | growing | B | 0% |
| 1 Nov 2024 | $6.5B | $1.3B – $28.5B | $6.5B (0%) | valued on company size | 25,000 | growing | D | 0% |
| 1 Dec 2024 | $6.5B | $1.3B – $28.5B | $6.5B (0%) | valued on company size | 25,000 | growing | D | 0% |
| 1 Jan 2025 | $6.5B | $1.3B – $28.5B | $6.5B (0%) | valued on company size | 25,000 | growing | D | 0% |
| 1 Feb 2025 | $6.5B | $1.3B – $28.5B | $6.5B (0%) | valued on company size | 25,000 | growing | D | 0% |
| 1 Mar 2025 | $6.5B | $1.3B – $28.5B | $6.5B (0%) | valued on company size | 25,000 | growing | D | 0% |
| 1 Apr 2025 | $6.5B | $1.3B – $28.5B | $6.5B (0%) | valued on company size | 25,000 | growing | D | 0% |
| 1 May 2025 | $6.5B | $1.3B – $28.5B | $6.5B (0%) | valued on company size | 25,000 | growing | D | 0% |
| 1 Jun 2025 | $6.5B | $1.3B – $28.5B | $6.5B (0%) | valued on company size | 25,000 | growing | D | 0% |
| 1 Jul 2025 | $6.5B | $1.3B – $28.5B | $6.5B (0%) | valued on company size | 25,000 | growing | D | 0% |
| 1 Aug 2025 | $6.4B | $1.3B – $28.0B | $6.4B (0%) | valued on company size | 24,613 | growing | D | 0% |
| 1 Sep 2025 | $6.4B | $1.3B – $28.0B | $6.4B (0%) | valued on company size | 24,613 | growing | D | 0% |
| 17 Sep 2025 | $1.3B | $1.1B – $1.9B | $1.7B (+30%) | after a round | 24,613 | growing | A | 0% |
| 1 Oct 2025 | $1.3B | $1.1B – $1.9B | $1.7B (+29%) | after a round | 24,613 | growing | A | 0% |
| 1 Nov 2025 | $1.3B | $1.1B – $2.0B | $1.7B (+27%) | after a round | 25,997 | growing | A | 0% |
| 1 Dec 2025 | $1.4B | $1.1B – $2.0B | $1.7B (+24%) | after a round | 25,997 | growing | A | 0% |
| 1 Jan 2026 | $1.4B | $1.1B – $2.0B | $1.7B (+21%) | after a round | 25,997 | growing | A | 0% |
| 1 Feb 2026 | $1.4B | $1.1B – $2.0B | $1.7B (+19%) | after a round | 25,997 | growing | A | 0% |
| 1 Mar 2026 | $1.5B | $1.1B – $2.0B | $1.8B (+18%) | after a round | 28,912 | up | A | 0% |
| 1 Apr 2026 | $1.5B | $1.1B – $2.0B | $1.8B (+15%) | after a round | 28,912 | up | A | 0% |
| 1 May 2026 | $1.6B | $1.1B – $2.0B | $1.8B (+12%) | after a round | 29,569 | up | A | 0% |
| 1 Jun 2026 | $1.6B | $1.1B – $2.0B | $1.8B (+9%) | after a round | 29,569 | up | A | 0% |
| 1 Jul 2026 | $1.7B | $1.1B – $2.0B | $1.8B (+7%) | after a round | 29,569 | up | A | 0% |
| 1 Aug 2026 | $1.7B | $1.1B – $2.0B | $1.8B (+4%) | after a round | 29,569 | up | A | 0% |
| 1 Sep 2026 | $1.7B | $1.1B – $2.0B | $1.8B (+1%) | after a round | 29,569 | up | A | 0% |
| 1 Oct 2026 | $1.8B | $1.1B – $2.0B | $1.8B (0%) | after a round | 30,912 | up | A | 0% |
| 24 Oct 2026 | $1.8B | $1.1B – $2.0B | $1.8B (0%) | after a round | 31,104 | up | B | 0% |
Key facts about Nothing
- Founded
- 2020
- Headquarters
- London, United Kingdom
- Employees
- about 31,100 +20% in a year
- Total raised
- $431M
- Funding rounds
- 6
- Last round
- Other Dec 2025
Nothing was founded in 2020 by Akis Evangelidis, Carl Pei, David Sanmartín García, Levi Li and Steven Gao.
Nothing funding history
Nothing has 6 funding rounds on record, from Dec 2020 to Dec 2025, $431M in total. The latest disclosed valuation is $1.30B post-money (Other, Dec 2025).
Other 18 Dec 2025no round page
Investors not disclosed.
Sources: nothing.tech, india.entrepreneur.com, yourstory.com and 2 more
$8.0M
$1.30B post-money
Series C 16 Sep 2025
Led by Tiger Global; with GV, Highland Europe, EQT, Phoenix Court, I2BF Global Ventures, Tapestry VC, Qualcomm Ventures, Gruhas.
Sources: nothing.tech, techcrunch.com, finance.yahoo.com and 5 more
$200M
$1.30B post-money
Growth Equity 28 Jun 2023
Led by Highland Europe; with GV, EQT Ventures, C Capital, Swedish House Mafia.
Sources: finsmes.com, techcrunch.com, cnbc.com and 3 more
$96M
Series B 9 Mar 2022
Led by EQT Ventures, C Ventures; with GV, Future Shape, Gaorong Ventures, Animoca Brands.
Sources: finsmes.com, yourstory.com, uktechnews.info
$70M
Series A 13 Oct 2021
Led by GV. Individuals: Tony Fadell, Casey Neistat, Kevin Lin, Steve Huffman.
Sources: finsmes.com, techcrunch.com, bwdisrupt.com and 1 more
$50M
Seed 1 Dec 2020
Investors not disclosed. Individuals: Tony Fadell, Steve Huffman, Kevin Lin.
Sources: techspot.com
$7.0M
Nothing investors
16 investors have backed Nothing; GV, EQT Ventures and Highland Europe and 2 more led at least one round.
- GV lead, 4 rounds
- EQT Ventures lead, 2 rounds
- C Ventures lead
- Tiger Global lead
- Animoca Brands
- EQT
- Future Shape
- Phoenix Court
- Qualcomm Ventures
- Swedish House Mafia
What Nothing does
Nothing works in consumer electronics company, with 15 recorded offerings and customers in consumer electronics.
Nothing Technology Limited is a British technology company engaged in the design, development, and distribution of smartphones, audio products, and AI-powered solutions. The company operates both physical and online retail stores, and provides subscription-based services for its products. Its operations include global sourcing and supply chain management to support international distribution. Nothing also offers customer support and after-sales assistance.
Description from Veridion's company data.
Products and services
- Consumer Electronics Retail
- Smartphone Retail
- Audio Device Retail
- Wearable Device Retail
- AI-Powered Product Development
- User Experience Design Services
- Sustainable Product Development
- Global Product Distribution
- Subscription-Based Service Delivery
- Product Launch Event Hosting
- In-Store Pickup Services
- Product Delivery Services
- Multilingual Product Availability Services
- Accessibility Services for Inclusive Design
- Community Engagement Event Services
Markets
- Consumer Electronics
Technology
- Speech-to-Text Processing
- Personalized Sound Functions
Supply chain
- Global Sourcing
- Omnichannel Distribution
Business model
- Business-to-Consumer
- Retail
- E-commerce
Industry codes (NAICS)
- 334220 Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing 50% match
- 449210 Electronics and Appliance Retailers 30% match
- 513210 Software Publishers 20% match
Questions about Nothing
What is Nothing worth?
Valuation $1.8B (range $1.1B to $2.0B), as of 24 Oct 2026. The last disclosed valuation was $1.30B (Other, Dec 2025).
Has Nothing raised money?
Nothing has 6 funding rounds on record, from Dec 2020 to Dec 2025, $431M in total. The latest disclosed valuation is $1.30B post-money (Other, Dec 2025).
Who has invested in Nothing?
GV, EQT Ventures, Highland Europe, C Ventures, Tiger Global and Animoca Brands, and 10 more. Lead investors include GV, EQT Ventures, Highland Europe and C Ventures.
How many people work at Nothing?
About 31,100, up 20% over the last year. Headcount grew from 320 in Feb 2022 to 31,104 in Oct 2026.
What does Nothing do?
Nothing works in consumer electronics company, with 15 recorded offerings and customers in consumer electronics. Its main offerings are consumer electronics retail, smartphone retail and audio device retail.
When was Nothing founded, and where is it based?
Nothing was founded in 2020 and is based in London, United Kingdom. It has about 31,100 employees, up 20% over the last year.