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February 26, 2026 - Deals
Whop Secures $200M Investment From Tether At $1.6B Valuation For Global Expansion
Whop has raised $200M in a strategic investment from Tether at a $1.6B valuation, aimed at expanding access to sustainable online income opportunities for Tether’s 500M monthly users.
Whop facilitates $3B in annual earnings across more than 130 countries, with 20M users and gross transaction volume growing 25% month over month. Customers range from Samsung and Netflix to F1 and the NFL, plus startups like Polymarket and ElevenLabs and tens of thousands of solopreneurs.
The funding will accelerate expansion across Latin America, Europe, and Asia-Pacific, support new financial infrastructure, and roll out AI tools focused on “agentic income” for the next generation of entrepreneurs. In partnership with Tether, Whop will also enable stablecoin payments across its global network and further position itself as a destination where the internet does business. Whop is backed by Bain Capital Ventures, A*, Peter Thiel, Guillermo Rauch, and Insight Partners.
FOUNDERS: Steven Schwartz, Cameron Zoub, & Jack Sharkey
INVESTOR: Tether Investments
AMOUNT: $200,000,000
VALUATION: $1,600,000,000
HQ: Brooklyn, New York
#VentureCapital #Whop #TetherInvestments #TradedVC
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Singularity Secures $80 Million Series A Funding At $400 Million ValuationSingularity, a Los Angeles-based defense technology company, has launched with an $80 million Series A funding round at a $400 million valuation. The financing was led by Khosla Ventures and Felicis, with participation from AE Ventures, NEA, Long Journey, Harpoon, Menlo Ventures, Y Combinator, Decisive Point, New Vista, Sunflower, Soma, and several prominent leaders from industry, the military, and Congress. Led by Co-Founder and CEO Jack Oswald and COO Shail Giroux, Singularity is focused on deploying counter-weapons at the scale, speed, and cost required by modern defense needs. Its manufacturing team, which includes talent from Tesla and Toyota, is developing an automotive-inspired assembly line designed to rapidly scale production beyond that of comparable U.S. systems.
FOUNDERS: Jack Oswald & Shail Giroux
INVESTORS: Khosla Ventures, Felicis, AE Ventures, NEA, Long Journey, Harpoon, Menlo Ventures, Y Combinator, Decisive Point, New Vista, Sunflower, Soma, General (Ret.) James McConville, General Jim Dickinson, Major General (Ret.) Volodymyr Havrylov.
ROUND: Series A
AMOUNT: $80,000,000
VALUATION: $400,000,000
HQ: Los Angeles, California
#VentureCapital #Singularity #JackOswald #ShailGiroux #TradedVC
IM8 Secures $1 Billion Financing Commitment From General Catalyst For Health Drink ExpansionIM8, the health drink startup co-founded by David Beckham and CEO Danny Yeung, has secured a $1 billion financing commitment from General Catalyst’s Customer Value Fund (CVF). Unlike a traditional venture capital investment, the deal is structured as a revenue-based financing arrangement, meaning General Catalyst will not receive an ownership stake and IM8’s existing shareholders will avoid dilution. The funding is designed to support customer acquisition, with General Catalyst financing up to 70% of those costs in exchange for a capped share of revenue generated from the customers acquired through the program. IM8, a subsidiary of Prenetics, sells a subscription-based vitamin drink focused on longevity and wellness.
FOUNDERS: David Beckham & Danny Yeung
INVESTOR: General Catalyst
AMOUNT: $1,000,000,000
HQ: Hong Kong
#VentureCapital #IM8 #DavidBeckham #DannyYeung #TradedVC