TikTok Shop rival raises funds at US$5 billion valuation
- Whatnot raised $265 million in a Series E funding round, valuing the company at $4.97 billion.
- The funding will support expansion into new categories and international markets, including Australia and Europe.
- Whatnot's annual gross merchandise value for livestream sales surpassed $3 billion last year.
- Whatnot plans to buy back $72 million worth of shares to invest in its employees, reflecting strong company performance.
11 Articles
11 Articles
Livestream shopping app Whatnot raises $265M, pinning valuation at nearly $5B
Whatnot, the platform that allows users to sell items such as trading cards, comics, and sneakers through live videos, announced on Wednesday that it has secured $265 million in a Series E funding round, a significant investment for a livestream shopping platform. This round puts Whatnot’s valuation at $4.97 billion. The investment marks an important […] © 2024 TechCrunch. All rights reserved. For personal use only.
streaming marketplace Whatnot raises US $ 265 million worth funding
streaming shopping platform Whatnot has raised US $ 265 million in a recent funding round, boosting its valuation to nearly US $ 5 billion, according to reports. This significant investment underscores a critical shift in how consumers are engaging with retail: through live, interactive experiences. Whatnot experienced explosive growth in 2024, exceeding US $ 3 […] The post Live-streaming marketplace Whatnot raises US $ 265 million worth funding…
Investors deliver $265 million funding round to Whatnot as live shopping gets hotter - Tubefilter
The platform where users can sell trading cards and whatnot just added $265 million to its account. That’s how much Whatnot raised for a Series E funding round that valued the company at nearly $5 billion. As reported by Bloomberg, Whatnot’s Series E was co-led by Greycroft Partners, DST Global, and Avra. As it approaches its sixth year of business, Whatnot has now raised $746 million of venture capital since its launch. Whatnot has positioned i…
Live shopping specialist Whatnot bags $265 million in Series E funding with valuation hitting $4.97 billion – RetailWit
Whatnot, a marketplace focused on live shopping in the US, UK, and Europe, has announced $265 million in Series E funding, co-led by Greycroft, DST Global, and Avra. Joining Greycroft and Avra as new investors are Lightspeed Venture Partners and Durable Capital Partners, who participated in the round alongside returning backers Andreessen Horowitz (a16z), CapitalG, BOND, and Y Combinator. The investment brings Whatnot’s valuation to $4.97 billi…
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