UK-based smartphone challenger agency Nothing has launched a “neighborhood funding spherical” focusing on $5m (£3.8m) providing the prospect for customers to spend money on the corporate.
Nothing secured a $1.3bn valuation in September off the again of a $200m Collection C spherical led by Tiger Capital.
The corporate is now seeking to deepen the involvement of its personal neighborhood, giving customers and different retail traders the prospect to take a position on the identical worth per share as its most up-to-date funding spherical.
“We began Nothing to make tech enjoyable and encourage human creativity,” mentioned founder and chief govt Carl Pei.
“We’ve constructed intentionally from the beginning: first making a {hardware} basis that may ship any machine, end-to-end, at international scale, then specializing in the smartphone as a result of we knew proudly owning that distribution level would place us for what’s subsequent.
“With technological developments in AI, client units and software program will essentially change within the subsequent couple of years. That is the place we’re uniquely positioned to play. Our neighborhood helped us get right here, and this spherical lets them take part in the place we’re going.”
The spherical will open for early entry on 10 December and will probably be run by way of Wefunder and Crowdcube. Full public entry will open on the next day.
