Funding round
Nothing Series A
Nothing, which works in consumer electronics retail in London, raised $50M in a Series A round announced on 13 Oct 2021, led by GV. 1 firm took part, 1 of them already investors, with 4 individual investors. It is Nothing's second venture round on record; the one before was a Seed in Dec 2020.
$50M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Nothing did not disclose a valuation in this round. It came 10 months after Nothing's Seed. It is 12% of the $423M Nothing has raised in the venture rounds on record. Nothing raised again 5 months later: a Series B round of $70M in Mar 2022. Its next priced round, a Series C in Sep 2025, valued it at $1.30B.
Nothing's funding rounds
Nothing has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
GV led the round. GV had backed Nothing before.
Lead investor
- GV backs 428 venture-backed companies existing investor
Individual investors: Tony Fadell, Casey Neistat, Kevin Lin and Steve Huffman.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Consumer Electronics Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Consumer Electronics Company | 23 Sep 2021 | $49M | not disclosed | Eclipse |
| Consumer Electronics Company | 11 May 2021 | $17M | not disclosed | Acton Capital |
| Consumer Electronics Company | 10 Nov 2020 | $4.1M | not disclosed | not named |
| Consumer Electronics Company | 27 Oct 2020 | $7.5M | $32M | Celesta Capital and 3Lines Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Nothing raise in its Series A round?
Nothing raised $50M in its Series A round, announced in Oct 2021.
Who led Nothing's Series A round?
GV led it.
What was Nothing's valuation at the Series A round?
It was not disclosed.
Did Nothing raise again after this round?
Yes: a Series B round in Mar 2022 of $70M.