Nothing is turning to its community to gather $5 million, aiming to be prepared for an IPO within three years
Nothing Launches $5 Million Community Investment Opportunity
Nothing, the hardware technology company, is inviting its community members to purchase company shares through a new $5 million community investment round. Starting December 10, individuals will have the chance to invest at the company’s Series C valuation of $1.3 billion.
To date, Nothing has secured $8 million from over 8,000 participants in two previous community funding rounds. The inaugural round took place in 2021, with a fundraising goal of $1.5 million.
A representative from Nothing shared with TechCrunch, “This initiative isn’t primarily about raising funds. It’s about allowing our supporters and fans to become investors while we remain a private company, and to be part of our ongoing journey.”
Community investors are granted a rotating seat on Nothing’s board of directors, though additional benefits for these investors have not been specified.
In September, Nothing completed its Series C funding, raising $200 million from notable backers such as Tiger Global, GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry. Altogether, the company has amassed $450 million in funding.
This latest community round comes as Nothing restructures its organization to strengthen its position in the competitive smartphone market, which is largely controlled by industry leaders like Samsung and Apple. The company is separating its affordable CMF brand and is also exploring the development of AI-focused devices, while continuing to produce smartphones and audio products. According to Nothing, it surpassed $1 billion in total revenue this year—a 150% increase over 2024 figures.
CEO Carl Pei told TechCrunch via email that the company is preparing to be ready for an initial public offering within the next three years. “The exact timing will depend on market conditions and what is best for the business at that moment,” he explained.
Pei also emphasized, “What matters is that we’re already operating with the discipline of a public company. We’re establishing the systems, governance, and financial rigor required for long-term, sustainable growth.”
It remains uncertain whether Nothing will pursue another funding round before going public. When questioned about future fundraising, a company spokesperson indicated that while there are no immediate plans to seek additional capital, they remain open to such discussions.
Individuals interested in joining the community investment round can participate through platforms such as Wefunder and Crowdcube.
