Funding round
Nothing Growth
Reported as "Growth Equity"
Nothing, which works in consumer electronics retail in London, raised $96M in a Growth round announced on 28 Jun 2023, led by Highland Europe. 5 firms took part. It is Nothing's fourth venture round on record; the one before was a Series B in Mar 2022.
$96M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Nothing did not disclose a valuation in this round. It came 15 months after Nothing's Series B. It is 23% of the $423M Nothing has raised in the venture rounds on record. Nothing raised again 27 months later: a Series C round of $200M in Sep 2025, at $1.30B post-money.
Nothing's funding rounds
Nothing has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Highland Europe led the round with 4 other firms.
Lead investor
- backs 45 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- EQT Ventures new investor
- backs 4 venture-backed companies new investor
- Swedish House Mafia new investor
Joined the board: Tony Zappala (Highland Europe).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Consumer Electronics Company, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Consumer Electronics Company | 13 Sep 2022 | $50M | not disclosed | Crédit Mutuel Equity and Bpifrance’s Large Venture fund |
| Invenergy Renewable energy companies | 28 Jun 2023 | $1.00B | not disclosed | not named |
| Batteries | 14 Jun 2023 | $944M | not disclosed | not named |
| ImageFIRST Dry Cleaners | 28 Jun 2023 | $750M | not disclosed | Calera Capital |
| Authentic Clothing Stores | 29 Jun 2023 | $500M | $20.00B | not named |
| Digital & Marketing Agencies | 6 Jun 2023 | $400M | not disclosed | TowerBrook and FL Entertainment |
| Tech Companies | 13 Jun 2023 | $300M | $1.00B | Goldman Sachs Asset Management |
| Teylor Loans & Financing | 12 Jun 2023 | $296M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Nothing raise in its Growth round?
Nothing raised $96M in its Growth round, announced in Jun 2023.
Who led Nothing's Growth round?
Highland Europe led it, with GV, EQT Ventures, C Capital and Swedish House Mafia.
What was Nothing's valuation at the Growth round?
It was not disclosed.
Did Nothing raise again after this round?
Yes: a Series C round in Sep 2025 of $200M at $1.30B post-money.