August 15, 2022
Not anything, an international shopper tech logo, introduced on Wednesday its finishing touch of round-B

Not anything, an international shopper tech logo, introduced on Wednesday its finishing touch of round-B financing totaling $70 million, co-led via EQT Ventures and C Ventures, with further participation from GV, Long term Form, Gaorong Capital and Animoca Manufacturers.

Not anything was once established in the UK in 2020 via co-founder Carl Pei, who could also be the co-founder of Chinese language smartphone logo OnePlus. The brand new funding brings the overall raised via Not anything since its inception to $144 million. Not anything launched its first product, “ear (1),” carbon-neutral true wi-fi earbuds in August 2021, transport over 400,000 devices.

Not anything recently has a staff of about 300 other folks, together with design director Adam Bates, the previous design director of electronics producer Dyson.

In keeping with Carl Pei, who’s now Not anything’s CEO,  the corporate hopes to construct an ecology that may compete with Apple at some point. “We’ve engineering and provide chain from China, and commercial design in Europe and The us,” he added.

As well as, Not anything hopes to determine its personal high-end and stylish tonality. Its “ear (1)” product first of all was once offered on StockX, a classy commodity buying and selling platform, then step by step penetrated into offline high-end shops and different digital merchandise shops.

Technological R&D along different companions shall be considered one of Not anything’s subsequent priorities. Remaining October, Not anything introduced its cooperation with Qualcomm.

SEE ALSO: Shopper Tech Logo Not anything Raises $50 Million, Broadcasts Cooperation with Qualcomm

The investment shall be used to create new product classes, recruit skill and develop operations at its new London Design Hub. Not anything’s staff is anticipated to extend to 500 other folks this 12 months. Techcrunch reported on March 2 that Not anything is growing smartphones and plans to announce this plan in April.

See also  Endeavor Control Company Keyfunc Secures Spherical-A Financing of $15.8M