Updated
Updated · Boy Genius Report · Jun 29
Carl Pei Holds Sole Significant Control of Nothing as Startup Raises Over $300 Million
Updated
Updated · Boy Genius Report · Jun 29

Carl Pei Holds Sole Significant Control of Nothing as Startup Raises Over $300 Million

1 articles · Updated · Boy Genius Report · Jun 29

Summary

  • U.K. Companies House filings show Carl Pei is currently the only person with “significant control” over Nothing Technology, the private London-based phone maker he co-founded in 2020.
  • The records also indicate co-founder David Garcia has resigned the director role listed there, while Timothy Holbrow left in October 2025, leaving Pei as the only active control figure.
  • Nothing has still attracted heavy investor backing, raising more than $300 million since 2023 from firms including Highland Europe and Tiger Global, with Google- and Qualcomm-linked funds also involved.
  • That funding supports a broader push beyond its eight phones and audio products, with Nothing saying after its latest round that AI-focused hardware will be central to its future.

Insights

Can Carl Pei's design-led brand use its $300M funding to challenge tech giants in the booming AI hardware market?
Will Nothing’s unique design and practical AI be enough to win over the 'bored iPhone users' it is targeting?
Following a 120% US sales surge, is Nothing's major Best Buy expansion a sustainable growth strategy or a risky overreach?