Carl Pei has completed a $7 million round in seed financing from friends and family to start a new venture that will be unveiled early next year.
The seed investment financing came from friends and private investors including Tony Fadell (Principal at Future Shape & Inventor of the iPod), Casey Neistat (YouTuber), Kevin Lin (Cofounder of Twitch), Steve Huffman (CEO of Reddit), Liam Casey (Founder and CEO, PCH), Paddy Cosgrave (Founder of Web Summit) and 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.”
“Carl spent the last decade making products that millions of people love. He deeply understands what consumers want, and I can’t wait for the world to see what he has in store next,” said Josh Buckley, CEO of Product Hunt.
This seed investment will support the creation of a head office in London, hiring of the team, and finance ongoing product research and development efforts.