Nothing is a $10M community investment round 4x oversubscribed

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 Nothing smartphone 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.

After raising $144 million, building a team of over 300, and securing the support of trusted partners like Qualcomm Technologies, Inc, we’re ready for the phone(1) to usher in change in the dormant market. smartphones, – Carl Pei, Nothing CEO and co-founder.

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

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


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