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Nothing, the mobile device startup led by OnePlus co-founder Carl Pei, (main pic) has raised $200 million in a Series C funding round that values the company at $1.3 billion. The latest funding round brings in new backers including Tiger Global, Indian entrepreneir Nikhil Kamath, and Qualcomm Ventures, alongside continued support from GV, EQT, Highland Europe, Latitude, and Tapestry.

The highly anticipated Phone (1) launches next week

Device starts at £549 for 8GB RAM variant

Snapdragon 765G and 90Hz display, £379 and £469 variants

Wide-ranging discussion covers production costs and processes

Chinese manufacturer has already sold 800 in the UK after holding a private event for its community forum members

The launch event will be streamed on the OnePlus official website

The manufacturer’s founder claimed this was due to the ‘overwhelming response’ for its latest phone

In an open letter to customers, Carl Pei said sorry for shipping delays of OnePlus 2 handset