Nothing is $10M Community Investment Round 4x Oversubscribed

New Delhi, March 30 (IANS): On Wednesday, London-based consumer technology company Nothing said more than 22,000 people worldwide had pre-registered more than $43 million for its $10 million community investment round.

Last week, Nothing confirmed plans to launch its first smartphone — Nothing phone (1) — which will be powered by Qualcomm’s Snapdragon mobile platform.

During the event, the company also announced a $10 million allocation for an upcoming equity-based community investment round at the same valuation as its Series B fundraiser co-led by EQT Ventures and C Ventures.

“As of March 29, over 22,000 people have pre-registered for over $43 million,” Nothing said in a statement.

The $10 million community investment round will go live on April 5 on Nothing.tech, he added.

Nothing recently raised $70 million in its Series B funding, co-led by EQT Ventures and C Ventures.

“Having raised $144 million, built a team of over 300 people, and secured the support of trusted partners such as Qualcomm Technologies, Inc, we are ready for the phone(1) to mark the start of change in the market. asleep smartphones,” said Carl Pei. , CEO and co-founder of Nothing.

“We’re also doing a new round of community investment of $10 million so our fans have the chance to be part of our one-on-one journey against industry giants,” Pei said.

The Nothing(1) phone with native operating system (OS) will be the company’s first smartphone and a second device in the brand’s overall product ecosystem.

Jill E. Washington