Nothing has raised $96m in investment ahead of the launch of Nothing Phone (2)

In a recent funding round, start-up Nothing raised more than $96 million in investment.

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The company received these funds ahead of the launch of the new Nothing Phone (2) smartphone, which will be officially launched on 11 July. The money is intended to further expand the business, especially in the US market. Nothing Phone (1) is not officially on sale in the US, but Nothing Phone (2) will make its debut in that market. Recently, Nothing co-founder Carl Pei said that Nothing Phone (1) has attracted a significant number of iPhone users, so entering the US market is a big opportunity for Nothing Phone (2).

In the recent funding round, European venture capital firm Highland Europe is leading the way. Previous backers GV (Google Ventures), EQT Ventures and C Capital, as well as music group Swedish House Mafia invested.

These investments brought the total amount raised by Nothing to $250 million.

The company has reported that it has already sold 1.5 million devices. And that's despite the fact that there aren't many gadgets in the range yet: the Nothing Phone smartphone (1) and the Ear 1, Ear 2 and Ear Stick wireless headphones.

Source: TechCrunch