Whatnot Raises $545 Million In Series G Funding At $20 Billion Valuation

Whatnot has raised $545 million in Series G funding at a $20 billion valuation, nearly double its valuation less than a year ago, in what it calls the largest raise in live commerce. The round was co-led by ICONIQ, Lightspeed Venture Partners and Avra, with participation from new and returning investors, and will fund efforts to help sellers grow through marketing, trust and safety, new categories and markets, and AI-powered tools. FOUNDERS: Grant LaFontaine & Logan Head INVESTORS: ICONIQ, Lightspeed Venture Partners, Avra, Kleiner Perkins, Wellington Management, Robinhood, S32, Standard Capital, CapitalG, Y Combinator, Durable Capital Partners, Alkeon Capital, Andreessen Horowitz, Greycroft, Bond Capital & DST Global. ROUND: Series G AMOUNT: $545,000,000 VALUATION: $20,000,000,000 HQ: Los Angeles, California #VentureCapital #Whatnot #GrantLaFontaine #LoganHead #TradedVC