Nothing Technology debuted in 2020 after its founder, Carl Pei, left OnePlus – another phone company he started – based in London. The company is best known for its transparent aesthetic and relatively affordable mid-range phones. Alongside the eight phones, including the new Nothing Phone (4a), released since 2022, Nothing also offers a range of audio products and, at one point, a beer.
Carl Pei is not only the co-founder of Nothing Technology, he is also its CEO. It is assumed that the other co-founders of the company also own shares. However, because Nothing is not a public company, this information is not actively available. What is available is the information listed on the UK government’s business tracker, Companies House. According to this, Carl Pei is the only person with “significant control” over the company.
Others detailed on Companies House include co-founder David Garcia, who appears to still work for Nothing, but has stepped down from the detailed director role. Another person, Timothy Holbrow, left the company in October 2025 to start his own business. Currently, Carl Pei is the only person active in a controlling capacity.
Investors don’t like anything
As the company is private, what is known is that it regularly raises funds through venture capital firms. These investors will purchase parts of the business in exchange for equity, used to finance the business, and then cash out once the investment is increased. As such, Nothing has raised over $300 million since 2023. Companies involved include Highland Europe and Tiger Global Management.
Google Ventures and Qualcomm Ventures were part of the Tiger Global investment group. Both of these companies have a vested interest in Nothing, with Qualcomm supplying the chips that power the phone. Google, meanwhile, had also invested in the brand before this. In 2021, she joined other backers including Steve Huffman, CEO of Reddit, and Kevin Lin, co-founder of Twitch, as she anticipated the brand’s success based on “compelling” smart devices and its “global mentality.”
Nothing is moving to address the hardware side of AI in the coming months. In a Nothing blog post following its latest fundraising with Tiger Global Management and co., the company announced that the decision to release something focused on AI would be “the future… for Nothing.” There’s no release date or real idea of what the company is planning, which is one of the perks you get as a private company.
