Funding round
Nothing Series C
Nothing, which works in consumer electronics retail in London, raised $200M in a Series C round announced on 16 Sep 2025, led by Tiger Global, at a $1.30B post-money valuation. 9 firms took part, 6 of them already investors. It is Nothing's fifth venture round on record; the one before was a Growth in Jun 2023.
$200M
Amount raised
$1.30B
Post-money valuation
$1.10B pre-money
9
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Nothing at $1.30B after the new money. The $200M bought investors about 15% of the company. It came 27 months after Nothing's Growth. It is 47% of the $423M Nothing has raised in the venture rounds on record. No later venture round is on record for Nothing.
Nothing's funding rounds
Nothing has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Tiger Global led the round with 8 other firms. GV, Highland Europe, EQT and Phoenix Court and 2 more had backed Nothing before.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies existing investor
- backs 45 venture-backed companies existing investor
- EQT backs 99 venture-backed companies existing investor
- Phoenix Court backs 45 venture-backed companies existing investor
- backs 39 venture-backed companies existing investor
- backs 11 venture-backed companies existing investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
- backs 20 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mistral AI Software Development Services | 9 Sep 2025 | $2.00B | $13.80B | ASML Holding NV |
| Figure Industrial Machinery & Supplies | 16 Sep 2025 | $1.00B | $39.00B | Parkway Venture Capital |
| Tech Companies | 24 Sep 2025 | $250M | $1.60B | not named |
| Rebellions Device Manufacturing | 30 Sep 2025 | $250M | $1.40B | Arm and Samsung Venture Investment |
| Replit Tech Companies | 10 Sep 2025 | $250M | $3.00B | Prysm Capital |
| Electronical Components Manufacturing | 7 Sep 2025 | $210M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 4 Sep 2025 | $200M | not disclosed | not named |
| Payment Processing & Point of Sale | 23 Sep 2025 | $136M | not disclosed | WisdomTree and Bank of America |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Nothing raise in its Series C round?
Nothing raised $200M in its Series C round, announced in Sep 2025.
Who led Nothing's Series C round?
Tiger Global led it, with GV, Highland Europe, EQT, Phoenix Court and I2BF Global Ventures and 3 more.
What was Nothing's valuation at the Series C round?
$1.30B post-money ($1.10B pre-money).