Consumer tech company Nothing is once again turning to its loyal community, announcing a $5 million investment round that allows everyday supporters to purchase shares at the company’s Series C valuation of $1.3 billion. The new round officially opens on December 10 and is part of the brand’s strategy to deepen user involvement while preparing for a future public offering.
A Growing Community Investor Base
So far, Nothing has raised $8 million from over 8,000 community investors across two previous funding rounds. The first community round launched in 2021 with a goal of $1.5 million and sold out in record time.
A company spokesperson emphasized that the latest round is less about capital and more about inclusivity:
“This isn’t about raising capital, it’s about giving our community/fans a chance to invest while we’re private and join us on the journey.”
Community shareholders currently hold a rotating board seat, although the company has not disclosed additional exclusive investor benefits.
Nothing’s Growth and Vision
Nothing has raised $450 million in total funding so far, including a $200 million Series C round in September backed by major global investors such as Tiger Global, GV, Highland Europe, EQT, I2BF, Latitude and Tapestry.
The funding comes amid strategic restructuring. The company is spinning off its affordable CMF brand and expanding into AI-focused hardware, while continuing development of smartphones and audio products. According to the company, Nothing surpassed $1 billion in cumulative revenue in 2025, marking 150% year-over-year growth.
IPO Ambitions by 2028
Nothing co-founder and CEO Carl Pei shared that the company is aiming to become IPO-ready within the next three years. However, an exact listing date will depend on market conditions.
Pei highlighted that the company is already operating with public-market discipline, stating:
“We’re building the governance, systems, and financial discipline that a public company needs… It forces us to make smarter, long-term decisions that prioritize sustainable growth.”
At this stage, Nothing has not confirmed whether it will seek additional large-scale funding prior to going public.
How to Participate
Those interested in investing in the new community round can participate through recognized crowdfunding platforms such as Wefunder and Crowdcube.
With strong brand loyalty, growing revenue, and ambitions to challenge smartphone industry giants, Nothing’s latest community round continues its strategy of building technology with and funded by its users.
