Overview
- Early access begins December 10 via Wefunder in the U.S. and Crowdcube, with public access opening December 11.
- Shares are priced at the $1.3 billion valuation established in September’s $200 million Series C, bringing total funding to $450 million.
- Nothing characterizes the raise as a way for its community to participate rather than an immediate capital need.
- CEO Carl Pei says the company is working to be IPO-ready within three years, with timing dependent on market conditions.
- The company reports surpassing $1 billion in cumulative revenue with 150% year-over-year growth and is spinning off its CMF brand while exploring AI-centric devices.