Nothing Raises USD 8 Million in Successful Community Investment Round

London-based consumer tech company Nothing has secured over USD 8 million in its third community investment round. With contributions from over 5,000 new investors, Nothing's community base has grown to around 13,000 members, collectively investing over USD 16 million. The brand announced further expansion plans in India, eyeing it as a key manufacturing hub.

London-based tech brand Nothing has successfully raised over USD 8 million in its third community investment round, the company announced on Thursday. The round attracted over 5,000 new investors, valuing the company at USD 1.3 billion.

Nothing's investor base has now expanded to around 13,000 individuals, who have collectively poured over USD 16 million into the company since its inception. The latest funding follows a USD 200 million Series C round last month.

In further developments, Nothing revealed plans to establish India as the global base for its subsidiary, CMF. In partnership with Optiemus Infracom, the company aims to make India a major manufacturing hub, pledging a USD 100 million investment and 1,800 new jobs over three years.

(With inputs from agencies.)