Nothing is looking to their community to raise $5M, and wants to be “IPO ready” within 3 years

Nothing is allowing its user base to buy its shares as part of a new $5 million community investment round. The new round, which begins on December 10, will enable consumers to buy the company’s shares at its price Series C valuation of $1.3 billion.

To date, the company said it has raised a total of $8 million from more than 8,000 people across two previous community investment rounds. It held its first society A fundraising event in 2021 aims to raise $1.5 million.

“It’s not about raising capital, it’s about giving our community/fans an opportunity to invest while we’re isolated and join us on the journey,” a Nothing spokesperson told TechCrunch.

Community investors have a rotating seat on the company’s board, but it’s unclear what else they’ll receive for investing in the company through such rounds.

Nothing raised a $200 million Series C back in September from investors including Tiger Global, GV, Highland Europe, EQT, Latitude, I2BF and Tapestry. The company has raised $450 million to date.

The community tour comes as Nothing makes changes to its corporate structure as it tries to increase its share of a smartphone market dominated by giants like Samsung and Apple. The company is Spin off its budget CMF brandand plans to explore AI-driven devices while continuing to build smartphones and audio products. And nothing claims to have surpassed $1 billion in cumulative revenue this year, up 150% from 2024.

The startup is working to be “IPO ready” within three years, CEO Carl Pei told TechCrunch in an email. “The timing will depend on market conditions and what makes sense for the business at the time,” he said.

“What is important is that we are already operating with this discipline now,” Pei added. “We are building the systems, governance and financial discipline that a public company needs. It forces us to think long-term and make smarter decisions that prioritize sustainable growth.”

It’s not clear whether Nothing aims to raise another round before the IPO. When asked about its fundraising plans, a Nothing spokesperson said the company was not considering raising capital immediately, but would not oppose those talks.

Those interested in investing in a community round can use platforms such as Financier and Collective cube To share.