Whatnot Raises $545 Million Series G At $20 Billion Valuation To Expand Live Shopping Platform And AI Tools
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Whatnot has raised $545 million in Series G funding at a $20 billion valuation to accelerate the expansion of its live shopping marketplace and provide additional tools, services and buyer acquisition support for sellers. The round was led by ICONIQ, Lightspeed and Avra and included a mix of new and returning investors. New investors included Kleiner Perkins, Wellington Management and Standard Capital, the new investment firm founded by former Y Combinator partner Dalton Caldwell. Returning investors included Andreessen Horowitz, Bond, DST Global, Greycroft, Y Combinator and Alphabet's CapitalG. Whatnot described the Series G as the largest funding round to date in the live shopping sector. The company plans to direct the capital toward helping sellers grow their businesses, attracting more buyers to the platform, expanding into additional categories and markets, strengthening trust and safety, and developing new technology, including AI-assisted tools. The financing comes as Whatnot reports significant growth in seller activity. Halfway through 2026, sellers on the platform had already generated more sales than they did during all of 2025. Whatnot also said more than 650,000 people are joining the platform every week. Over the past year, the number of Whatnot sellers who have surpassed $1 million in lifetime sales has more than doubled. The share of sellers earning what the...
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