Funding round
Whatnot Series A
Whatnot, which works in live streaming shopping platform services in San Francisco, raised $20M in a Series A round announced on 4 Mar 2021, led by Andreessen Horowitz. 5 firms took part, with 2 individual investors. It is Whatnot's second venture round on record; the one before was a Seed in Dec 2020.
$20M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Whatnot did not disclose a valuation in this round. It came 3 months after Whatnot's Seed. It is 1.3% of the $1.52B Whatnot has raised in the venture rounds on record. Whatnot raised again 2 months later: a Series B round of $50M in May 2021. Its next priced round, a Series C in Sep 2021, valued it at $1.50B.
Whatnot's funding rounds
Whatnot has 8 venture rounds on record. This one is highlighted.
- Seed 17 Dec 2020 $4.0M
- Series A this round 4 Mar 2021, led by Andreessen Horowitz $20M
- Series B 25 May 2021, led by Y Combinator $50M
- Series C 16 Sep 2021, led by Andreessen Horowitz and Y Combinator’s Continuity Fund $150M$1.50B post-money
- Series D 1 Jul 2022, led by DST Global and CapitalG $260M$3.70B post-money
- Series E 10 Jan 2025, led by Greycroft, DST Global and Avra $265M$4.97B post-money
- Series F 28 Oct 2025, led by DST Global and CapitalG $225M$11.50B post-money
- Series G 10 Aug 2026, led by ICONIQ, Lightspeed Venture Partners and Avra $545M$20.00B post-money
Investors
Who put money in
Andreessen Horowitz led the round with 4 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Y Combinator backs 1,295 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- backs 79 venture-backed companies new investor
- backs 59 venture-backed companies new investor
Individual investors: Steve Aoki and Chris Zarou.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,650 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.7 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 2 Mar 2021 | $100M | not disclosed | Paradigm and Tiger Global |
| Tech Companies | 30 Mar 2021 | $88M | not disclosed | Bain Capital Ventures |
| Tech Companies | 11 Mar 2021 | $75M | not disclosed | General Catalyst |
| Tech Companies | 25 Mar 2021 | $55M | not disclosed | not named |
| Dream Games Tech Companies | 1 Mar 2021 | $50M | not disclosed | Index Ventures |
| Tech Companies | 3 Mar 2021 | $47M | not disclosed | Insight Partners and Entrée Capital |
| Tech Companies | 1 Mar 2021 | $36M | not disclosed | not named |
| Tech Companies | 10 Mar 2021 | $35M | not disclosed | Scale Venture Partners |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Whatnot raise in its Series A round?
Whatnot raised $20M in its Series A round, announced in Mar 2021.
Who led Whatnot's Series A round?
Andreessen Horowitz led it, with Y Combinator, Wonder Ventures, Operator Partners and Scribble Ventures.
What was Whatnot's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,650 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.7 times the median.
Did Whatnot raise again after this round?
Yes: a Series B round in May 2021 of $50M.