London, UK: Consumer tech startup Nothing said that it will open up to its community to invest via a community equity funding round.
This London based consumer tech startup Nothing will allow its community to invest a total of $1.5 million. The community investment will be at the same valuation as its Series A funding with 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,” said Carl Pei, CEO and Co-Founder of Nothing.
“As part of this process, we’ll 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,” added Pei.
The consumer tech startup Nothing is the brainchild of the popular smartphone brand Oneplus’ Co-Founder Carl Pei. Pei is a Chinese-born Swedish technopreneur. He and Pete Lau co-founded OnePlus in 2013.
Following this community funding round, investors will have access to Nothing’s private community. Through access, investors will get exclusive benefits and insights into the company.
Later, the company plans to elect a community board member to represent and be the community’s voice in board meetings. Once the campaign goes live, the consumer tech- startup will share more details.
Pre-registrations to the financing opens on February 16 at 10 a.m. GMT, and the campaign will go live on March 2 at 10 a.m. GMT.
iPod inventor Tony Fadell, YouTuber Casey Neistat, Twitch Co-Founder Kevin Lin, Reddit CEO Steve Huffman, Josh Buckley along with CRED’s Founder Kunal Shah are the prominent investors in Nothing.