Carl Pei’s Nothing raises something – $96M – ahead of the launch of its Phone (2)

Smartphone sales are in decline as handset makers grapple with saturated markets and a tough consumer economic climate. But some are betting on a future where new approaches in design and tech will still find resonance with users. Nothing, the London startup behind the “Phone” smartphone, has closed an investment of $96 million — funding that it will be using to continue scaling its business and lineup of devices, starting with its next smartphone. The Phone (2) — in keeping with its naming scheme — is due to launch in the coming weeks.
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