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Whatnot Raises $260M Series D Co-Led By Dst Global And Capitalg To Expand Its Live, Social Commerce Marketplace

Jul 21, 2022over 3 years ago

Amount Raised

$260 Million

Round Type

series d

San FranciscoInformation Technology

Description

Whatnot, the largest independent live shopping platform in the US, announced today that it has raised $260 million in a Series D funding round co-led by DST Global and returning investor CapitalG, Alphabet’s independent growth fund. The latest fundraise brings the company’s valuation to $3.7B, a 2.5x increase since its $1.5 billion valuation in September, 2021. Other participating investors include BOND and returning investors Andreessen Horowitz (a16z) and YC Continuity. The fresh capital will facilitate continued investment in the in-app live & social commerce marketplace and enable the company to launch additional categories for collectors and enthusiasts of all kinds.

Company Information

Company

Whatnot

Location

2261 Market Street

San Francisco, California, United States

About

Whatnot is the largest livestream shopping platform in the U.S., U.K., and Europe, bringing millions of people together to shop, sell, and connect around the things they love. Combining community, commerce, and entertainment, Whatnot is building the future of e-commerce through a dynamic, interactive live shopping experience. Operating as a remote, co-located team with hubs across the U.S., U.K., Ireland, Poland, and Germany, the company offers over 250 categories—from sneakers and streetwear to collectibles, beauty, electronics, and more. As one of the fastest-growing marketplaces, Whatnot continues to expand its global presence, hiring innovative and forward-thinking talent to shape the next generation of live shopping.

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