OnePlus former co-founder Carl Pei raises $7 Million for his next venture slated to launch in 2021

Carl Pei

OnePlus former co-founder Carl Pei is foraying into new business next year. Pei, who is now a Swedish tech entrepreneur to make it happen, has raised $7 Million (Rs 52 crores approximately) in seed financing. This included funds from friends and family and other prominent investors in the technology sector.

Carl Pei’s next venture — raises $7 Million

Carl has raised the $7 Million from prominent players, including Tony Fadell, Principal at Future Shape, and the iPod’s inventor. The others include Kevin Lin — co-founder of Twitch, Steve Huffman, CEO of Reddit, Casey Nesitat, a prominent YouTuber. And, Liam Casey, founder & CEO of PCH, Paddy, founder of Web Summit and lastly, Josh Buckley – CEO of Product Hunt.

“I am deeply grateful and tremendously excited to have friends of this caliber supporting us in building what’s next,” said Carl Pei. “We plan on moving aggressively against our vision, and can’t wait to see how the market will react.”

The new funding will allow Carl Pei to establish an office in London. And, further allowing him to recruit the team and finance the ongoing research of products and development.

In a statement, Josh Buckley states Carl had spent the last decade making products that millions of people love which made him understand what the customer wants. And, he’s excited to see what Carl has in his store next.

While new venture details are unknown, Wired’s report indicates what Carl Pei is getting his hands-on next. After quitting from OnePlus, recently, Carl Pei could be working on any audio product, suggests the report emphasising the seed investor Tony Fadell, who invented iPod.


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Vishnu Sarangapurkar

Vishnu works as a Content Writer for Mr. Phone. His primary interests revolve around covering smartphones and all other gadgets connected to the Internet.