Nothing

Investor: Community Investors via Wefunder and Crowdcube

Nothing, the London-based smartphone and consumer tech company, has announced the successful close of its recent "community investment round", raising more than £6 million from over 5,000 individual backers. This funding initiative allowed the company's user base to invest directly, reinforcing its commitment to openness and community engagement.Summary of transaction details:Value: £6,000,000Sector: Consumer Technology, SmartphonesAdvisor: NullKey Entities: Nothing (Target), Community Investors (Investors), Wefunder (Platform), Crowdcube (Platform)Location: London, UKNote: This investment round underscores Nothing's strategy to leverage community support not just for capital, but also as a fundamental part of its scaling ambition and commitment to its global user base, aiming to drive future growth in AI-native consumer tech.

Investor: Tiger Global

Nothing, the London-based consumer technology startup founded by Carl Pei, has successfully closed a $200 million Series C funding round, spearheaded by Tiger Global, achieving a pre-money valuation of $1.3 billion.Summary of transaction details:Value: $200 million (approximately £160 million)Sector: DeepTech & AI, Consumer ElectronicsAdvisor: None mentionedKey Entities: Nothing (Target), Tiger Global (Lead Investor), GV, Highland Europe, EQT, Latitude, I2BF, Tapestry, Qualcomm Ventures, Nikhil Kamath (Other Investors)Location: London, UK (Target Company Headquarters)Note: This funding round marks a strategic shift for Nothing, as the company prepares to accelerate its innovation roadmap towards building an AI-native hardware platform. The capital infusion will facilitate global distribution expansion and the launch of new AI-driven consumer devices, aiming to reinvent the operating system experience by making it hyper-personalised to individual users.