Consumer electronics brand building smartphones, earbuds, and AI-native devices
Nothing is a London consumer-electronics startup founded by OnePlus cofounder Carl Pei. Crunchbase's 2026 IPO forecast identifies it as a probable IPO candidate after the company discussed becoming IPO-ready over a multiyear window.
Consumer Hardware📍 London, UKFounded 2020
Current Valuation
$1.3B
as of 2025-Q4
UNICORN
QL Price
$1.3B
0% vs last round
QuantLogix's current estimate for Nothing, published 2026-09-20 — in line with the last disclosed round of $1.3B (2025-Q4).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$1.3B
2025-Q4
weight 0.61
Secondary market print
$1.3B
2026-06-27
weight 0.6
How this price has held up
No round has priced for Nothing since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-20 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Nothing, 2026-09-20 (eed582212c1913bd).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookrumored
Is Nothing going public in 2028?
An IPO is rumored for 2028, with nothing filed. Nothing remains private and the date is not the company's.
What is Nothing's valuation in 2026?
Nothing is valued at $1.3B as of 2025-Q4, set by its Series C / community round (Dec 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Nothing filed an S-1?
No public S-1 is on file for Nothing as of 09/20/2026; the IPO is rumored.
Who are Nothing's investors?
Nothing's investors include GV, Tiger Global Management, EQT Ventures, Highland Europe, C Ventures.
Can you buy Nothing stock?
No. Nothing is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Nothing on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Carl Pei
Founded
2020
HQ
London, UK
Employees
~1000
Total Raised
$446M
Growth
Reportedly over $1B lifetime sales and 7M+ devices sold
IPO Status
rumored
Fundraising Status
Series C / community round · 9 mo ago
rumoredTotal raised $446M
Secondary Market
Implied price / share
$2.5
Open interest
1
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series C / community round
—
Dec 2025
Community and venture investors
—
Talent Signal
Hiring trend
▼ Hiring downtrend
-29% vs 2026-08
Open roles
10
via greenhouse
Product-build share
10%
engineering, research, product, design
Trajectory
tightening
go-to-market push — Only 10% of open roles build product — hiring is concentrated in sales/marketing/ops (3 of 10 open roles are other).
Open roles trending down; no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Product Manager, Subscription ProductsAccount Manager, North America Carrier — 3–6 Month ConsultancyDirector of Business DevelopmentEcommerce ExecutiveFounding US People & Talent PartnerGrowth Lead, Subscription Products
Counted from Nothing's live job board as of 2026-09-16; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Carl Pei
Investors
GV · Tiger Global Management · EQT Ventures · Highland Europe · C Ventures
Products
Nothing Phone
Nothing Ear
CMF by Nothing
AI device software
Competitors
Apple · Samsung · OnePlus · Xiaomi · Plaud
Consumer HardwarePre-IPOCrunchbase IPO Forecast
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.