The startup funding market is, even among good startups, split between haves and have nots. Carl Pei and Nothing is in the haves category. Big congratulations to raising $96 million from Highland Europe, EQT Ventures, GV, C Capital and Swedish House Mafia and others.
Experienced founder, good response to initial products and a very large market are some of the reasons (from the outside) that has allowed Nothing to be able to raise $250 million in total.