Carl Pei’s new venture Nothing to raise $1.5 mn via community funding

Nothing, a new consumer technology venture by OnePlus co-founder Carl Pei, on Tuesday said will allow the general public to invest USD 1.5 million (about Rs 11 crore) in the company.

Earlier this month, the London-based company had announced raising USD 15 million (about Rs 109.3 crore) in funding led by GV (formerly Google Ventures).

“After having raised a total of USD 22 million, the company will allow the general public to invest a total of USD 1.5 million, at the same valuation as their Series A funding led by GV (formerly Google Ventures),” a statement said.