Nothing launches $5M “community investment round”
UK-based smartphone maker Nothing is launching a new community investment round, aiming to raise $5 million. This initiative allows investors to purchase shares at the company's $1.3 billion Series C valuation, furthering Nothing's growth trajectory and potentially bolstering its position in the competitive European tech market. The crowdfunding campaign will be hosted on platforms like Crowdcube and Wefunder, with early access beginning December 10th and public access starting December 11th. This follows Nothing's earlier success, having previously raised over $450 million from investors, including Tiger Global and Qualcomm Ventures, and concluding a $200 million Series C round earlier this year. This investment round provides an opportunity for the community to participate in the company's future, as Nothing aims to launch more products and expand its customer base. The move aligns with the broader trend of companies seeking alternative funding methods and fostering closer relationships with their user base.
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