UK-based smartphone challenger firm Nothing has launched a “community investment round” targeting $5m (£3.8m) offering the chance for users to invest in the company.
Nothing secured a $1.3bn valuation in September off the back of a $200m Series C round led by Tiger Capital.
The company is now looking to deepen the involvement of its own community, giving users and other retail investors the chance to invest at the same price per share as its most recent funding round.
“We started Nothing to make tech fun and inspire human creativity,” said founder and chief executive Carl Pei.
“We’ve built deliberately from the start: first creating a hardware foundation that can ship any device, end-to-end, at global scale, then focusing on the smartphone because we knew owning that distribution point would position us for what’s next.
“With technological developments in AI, consumer devices and software will fundamentally change in the next couple of years. This is where we’re uniquely positioned to play. Our community helped us get here, and this round lets them participate in where we’re going.”
The round will open for early access on 10 December and will be run via Wefunder and Crowdcube. Full public access will open on the following day.
