OnePlus co-founder Carl Pei raises $7 mn funding for new venture

OnePlus co-founder Carl Pei has raised USD 7 million (about Rs 51.4 crore) in seed financing to start a new venture that will be unveiled early next year.

Pei had co-founded OnePlus, which now ranks among premium smartphone companies, in 2013. He quit OnePlus in October this year.

The Swedish tech entrepreneur has raised the USD 7 million seed financing from “friends and private investors” including Tony Fadell (Principal at Future Shape and inventor of the iPod), Casey Neistat (YouTuber), Kevin Lin (Co-founder 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), a statement said.