With nearly 5,000 backers, Nothing surpasses $5 million target in third crowdfunding round

Nothing, a consumer tech company founded by OnePlus co-founder Carl Pei, has raised more than £5.3 million from 4,643 investors in its latest community funding round. Tuesday was the final day for investors to participate in the crowdfunding round, which ran for less than a week.

In a December 12 LinkedIn post announcing the opening of the round, Akis Evangelidis, Nothing co-founder and president – India, had written, “...Today we have opened our Community Investment (3) and we've already surpassed the initial $5M allocation.”

The company raised the round at the same pre-money valuation of £976.56 million ($1.3 billion) as its previous $200 million Series C round. The Series C round attracted investments from angel and institutional investors, including Nikhil Kamath and Tiger Global.


As of Tuesday, the price per share was at £2.7972 ($3.7236), with the wider funding round totalling £150.24 million, according to data reported on Crowdcube, one of the two platforms offering investors the chance to participate. Indian investors have been able to invest in the company via the same platform. The minimum investment was set at $50.

This is the third community round for Nothing. It had raised close to $8 million from the first two crowdfunding rounds, with over 8,000 investors.

Earlier this month, another product company, Totem Labs, announced a community funding round with a $2 million target.

Crowdfunding enables retail investors to back startups at an early stage. For companies such as Nothing, such rounds are less about access to capital and more a strategic move to build a base of brand advocates, and validate products in the market. By taking this route, the company has also helped platforms such as Crowdcube and Wefunder gain traction across emerging economies, including India.

Unlike traditional venture capital funding, where founders often give up significant equity, control, or veto rights, crowdfunding enables startups to raise capital while retaining greater control over their cap table. As a result, founders can fund growth without compromising their long-term vision or decision-making authority.