Nothing — Valuation, Funding & Investors

London-based Nothing designs smartphones and audio products under a transparent, design-forward aesthetic, positioning itself as a challenger to industry giants. Carl Pei, a co-founder of OnePlus, started the company in October 2020 together with Akis Evangelidis, David Sanmartín García, Steven Gao and Levi Li, and it soon acquired the brand assets of Essential Products. Its device lineup runs from the Ear (1) wireless earbuds and Phone (1) through later Phone and Ear generations, alongside CMF, a budget-focused sub-brand spun off as its own company in 2025.

Nothing's phones run Nothing OS, a customized version of Android, and are sold across Europe, India and North America. The Glyph Interface, a system of LED lighting on the back of its phones, has become one of the brand's most recognized design signatures.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Nothing.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. Nothing availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — Nothing included.

No. Nothing is a private company; its shares do not trade on a public exchange.

The last valuation is $1.3B (post-money, Dec 2025).

Lead investors for each round are in the funding timeline.

The closest consumer electronics peers are on the competitors page.

The routes section explains what is realistically available for a company at this stage.