Nothing Aims To Raise $1.5 Mn From Community Funding Carl Pei's new company plans to elect one of the crowdfunding investors as a community board member

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Nothing

London-based consumer technology company Nothing announced on Tuesday that it will open up for its community to invest in the company through a community equity funding round.

After having raised a total of $22 million, the company will allow the general public to invest a total of $1.5 million, at the same valuation as their Series A funding led by GV (formerly Google Ventures).

"We want our community to be part of our journey from the very start and play an active role in it," shared Carl Pei, chief executive officer, and co-founder, Nothing.

The technology platform is privately held and venture-funded by GV (formerly Google Ventures). Other investors include; Tony Fadell, principal, Future Shape and inventor of iPod; Casey Neistat, YouTube personality, and co-founder, Beme; Kevin Lin, co-founder, Twitch and Steve Huffman, co-founder and chief executive officer, Reddit.

"As part of this process, we will also be electing a community member to our board of directors, so that we're always kept in check, and reminded of what users want," Pei added.

Following this community funding round, investors will have access to the company's private community through which they will get exclusive benefits and insights into the company. From there, the company also plans to elect a community board member to represent and to be the voice of the community in board meetings, a statement said.

Starting 2021, the platform aims to bring back artistry, passion, and trust to the field of consumer technology.

Prabhjeet Bhatla

Former Staff

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Kolkata-Based Lab-Grown Diamond Brand Jewelbox Secures USD 3.2 Mn

The startup will primarily use the funds to expand its retail footprint, growing from eight stores to 30 locations by the end of this year.

Leadership

How Successful Leaders Get More Done in Less Time

The most successful leaders don't work longer; they manage their time with intention. Here's how to master time-blocking, prioritization and delegation to get more done in less time.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.

Side Hustle

This Couple Started a Side Hustle to Improve a 'Terribly Made' Bathroom Essential. Now the Business Earns More Than $3 Million a Year.

Michael Fine and Lisa Schulner-Fine launched lifestyle brand Quiet Town in 2016 and have been growing it ever since.