Funding round
Whatnot Series B
Whatnot, which works in live streaming shopping platform services in San Francisco, raised $50M in a Series B round announced on 25 May 2021, led by Y Combinator. 3 firms took part. It is Whatnot's third venture round on record; the one before was a Series A in Mar 2021.
$50M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Whatnot did not disclose a valuation in this round. It came 2 months after Whatnot's Series A. It is 3.3% of the $1.52B Whatnot has raised in the venture rounds on record. Whatnot raised again 4 months later: a Series C round of $150M in Sep 2021, at $1.50B post-money.
Whatnot's funding rounds
Whatnot has 8 venture rounds on record. This one is highlighted.
- Seed 17 Dec 2020 $4.0M
- Series A 4 Mar 2021, led by Andreessen Horowitz $20M
- Series B this round 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
Y Combinator led the round with 2 other firms.
Lead investor
- Y Combinator backs 1,295 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies new investor
- backs 24 venture-backed companies new investor
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
972 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 1.7 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 May 2021 | $100M | $500M | Greenoaks |
| Tech Companies | 27 May 2021 | $90M | not disclosed | Leaps by Bayer |
| Tech Companies | 20 May 2021 | $85M | $600M | Lakestar and Tiger Global |
| Tech Companies | 20 May 2021 | $80M | $300M | Spark Capital |
| Tech Companies | 3 May 2021 | $65M | not disclosed | BOND |
| Tech Companies | 25 May 2021 | $61M | not disclosed | Arena Holdings |
| Tech Companies | 25 May 2021 | $51M | not disclosed | Salesforce Ventures |
| Tech Companies | 25 May 2021 | $50M | not disclosed | Tiger Global and Menlo Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Whatnot raise in its Series B round?
Whatnot raised $50M in its Series B round, announced in May 2021.
Who led Whatnot's Series B round?
Y Combinator led it, with Andreessen Horowitz and Animal Capital.
What was Whatnot's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
972 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 1.7 times the median.
Did Whatnot raise again after this round?
Yes: a Series C round in Sep 2021 of $150M at $1.50B post-money.