Funding round
Nothing Series B
Nothing, which works in consumer electronics retail in London, raised $70M in a Series B round announced on 9 Mar 2022, led by EQT Ventures and C Ventures. 6 firms took part. It is Nothing's third venture round on record; the one before was a Series A in Oct 2021.
$70M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Nothing did not disclose a valuation in this round. It came 5 months after Nothing's Series A. It is 17% of the $423M Nothing has raised in the venture rounds on record. Nothing raised again 15 months later: a Growth round of $96M in Jun 2023. 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
EQT Ventures and C Ventures led the round with 4 other firms.
Lead investors
- EQT Ventures new investor
- C Ventures new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- Future Shape new investor
- backs 23 venture-backed companies new investor
- Animoca Brands new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| JINGDONG Property Real Estate Investment | 28 Mar 2022 | $800M | not disclosed | Hillhouse and Warburg Pincus |
| Tech Companies | 17 Mar 2022 | $150M | $1.65B | Andreessen Horowitz and Paradigm |
| Loans & Financing | 1 Mar 2022 | $137M | $1.30B | Insight Partners and B Capital |
| Wine Shops & Wineries | 1 Mar 2022 | $127M | not disclosed | Vinci Partners |
| Groceries Delivery | 16 Mar 2022 | $125M | $625M | Tiger Global and Avenir |
| Employment Agencies & HR Consulting | 22 Mar 2022 | $120M | not disclosed | Kinnevik and Tencent Holdings Ltd. |
| Recruitment & Job Listing Services | 16 Mar 2022 | $120M | not disclosed | Inovia |
| Island Tech Companies | 23 Mar 2022 | $115M | $1.30B | Insight Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Nothing raise in its Series B round?
Nothing raised $70M in its Series B round, announced in Mar 2022.
Who led Nothing's Series B round?
EQT Ventures and C Ventures led it, with GV, Future Shape, Gaorong Ventures and Animoca Brands.
What was Nothing's valuation at the Series B round?
It was not disclosed.
Did Nothing raise again after this round?
Yes: a Growth round in Jun 2023 of $96M.