"This isn't about raising capital, it's about giving our community/fans a chance to invest while we're private and join us on the journey,"
"The timing will depend on market conditions and what makes sense for the business at that point in time,"
"What's important is that we're already operating with that discipline now. We're building the systems, the governance, the financial discipline that a public company needs. It forces us to think longer-term and make smarter decisions that prioritise sustainable growth,"
Nothing is opening a $5 million community investment round on December 10 that allows consumers to purchase shares at its $1.3 billion Series C valuation. The company previously raised $8 million from over 8,000 people across two community rounds, including a first event in 2021 aiming to raise $1.5 million. Community investors hold a rotating board seat, with other investor privileges unspecified. Institutional investors provided $200 million in a September Series C, bringing total funding to $450 million. The company is spinning off its budget CMF brand, exploring AI-centric devices, continuing smartphones and audio products, and pursuing IPO readiness within three years.
Read at TechCrunch
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