Nothing closes $8 million community round at $1.3 billion valuation

Nothing

Consumer tech startup Nothing has announced the close of its latest community investment round, raising more than $8 million and adding over 5,000 new investors from more than 80 countries. The round allowed everyday supporters to invest at a company valuation of $1.3 billion, deepening Nothing’s long-running experiment in community-led growth.

From its earliest days, Nothing has positioned its users as active participants rather than passive customers. The company says its community has helped shape products, challenge internal thinking, and hold leadership to account. This latest funding round was designed to extend that relationship, giving fans a direct financial stake as Nothing looks towards its next phase.

When early access to the round opened on December 10, Nothing says it did not anticipate such rapid growth in investor numbers. Public access followed on 11 December via Crowdcube and Wefunder, accelerating participation further.

With this round completed, Nothing’s community now numbers close to 13,000 investors, who have collectively put more than $16 million into the company since its inception. According to Nothing, the new capital will support its push to turn its hardware platform into the foundation for a new generation of AI-native operating systems and devices, with launches planned for 2026.

The community raise comes just months after Nothing secured a $200 million Series C in September 2025. That round was led by major institutional backers including Tiger Global, GV, Highland Europe, EQT, and Qualcomm Ventures, helping cement Nothing’s status as one of the most closely watched consumer hardware startups in the market.

Nothing argues that the strong showing from retail investors reflects both brand loyalty and broader frustration with what it sees as a stagnant smartphone industry. The company has repeatedly framed its mission as one of restoring excitement and differentiation in consumer tech through design, transparency, and now, AI-first thinking.

Commenting on the round, founder and CEO Carl Pei said the raise was about more than capital. He described it as an extension of the company’s founding principles around openness, creativity, and collaboration. Pei added that the number of new investors joining the company reflects how strongly its community believes in the direction Nothing is heading, and the momentum it is building as it prepares for the AI-native era.