Adrian Cheng’s C Ventures invests in London-based consumer technology start-up Nothing
- C Ventures and Sweden-based EQT Ventures were the biggest investors in the start-up’s US$70 million Series B fundraising
- Nothing is set to launch a new smartphone next month, which was shown at the Mobile World Congress in Barcelona last week
C Ventures and Sweden-based EQT Ventures made the biggest investment in the US$70 million Series B fundraising for Nothing. Other investors in the latest round were GV, the venture capital arm of Google parent Alphabet, Future Shape, co-founded by iPod inventor Tony Faddell, Gaorong Capital and Animoca Brands, a Hong Kong-based mobile gaming and blockchain unicorn.
The new funding will go towards scaling Nothing’s product categories and establishing its London design hub, which is headed by Adam Bates, the former head of design at Dyson.
“We invested in Nothing as we aspire to bring a seamless digital future to the next generation where people and technology will be much more connected than ever before,” Cheng said in a written reply to the Post’s inquiries.
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After working for a year on developing a smartphone, Nothing is set to launch the product next month, according to a report by TechCrunch.
