London-based smartphone and consumer tech maker Nothing has announced the close of its recently announced “community investment round”, raising more than $8m (£6m) from more than 5,000 backers.
Nothing announced the round earlier this month as a way to give its users the chance to invest in the company at the going rate per share.
The company, which in September raised $200m in its Series C round at a $1.3bn valuation, said the “power of community has always been a large part of our ambition to scale”.
In its initial announcement in early December, the firm said it was targeting $5m (£3.8m) raised via Wefunder and Crowdcube.
“From the very beginning, we set out to build a global tech company rooted in openness, creativity, and collaboration,” said Nothing founder and chief executive officer Carl Pei.
“This investment round wasn’t just about raising money, it was driven by our commitment to our community and bringing them on this journey with us.
“The new members this investment round has drawn in is testament to how deeply our fans believe in what we’re building, and the momentum behind Nothing right now. Together, we’re reaching new milestones and shaping the future of AI-native consumer tech.”
