Funding round
Whatnot Series D
Whatnot, which works in live streaming shopping platform services in San Francisco, raised $260M in a Series D round announced on 1 Jul 2022, led by DST Global and CapitalG, at a $3.70B post-money valuation. 5 firms took part. It is Whatnot's fifth venture round on record; the one before was a Series C in Sep 2021.
$260M
Amount raised
$3.70B
Post-money valuation
$3.44B pre-money
5
Investors
2 leads
2.5x
Step-up from the Series C
$1.50B in Sep 2021
7.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Whatnot at $3.70B after the new money, 2.5 times the $1.50B of its Series C (Sep 2021). The $260M bought investors about 7.0% of the company. It came 10 months after Whatnot's Series C. It is 17% of the $1.52B Whatnot has raised in the venture rounds on record. Whatnot raised again 30 months later: a Series E round of $265M in Jan 2025, at $4.97B 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 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 this round 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
DST Global and CapitalG led the round with 3 other firms.
Lead investors
- DST Global backs 179 venture-backed companies new investor
- CapitalG backs 70 venture-backed companies new investor
Also in the round
- BOND backs 91 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
Joined the board: Laela Sturdy (CapitalG).
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
177 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.6 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Jul 2022 | $125M | $1.25B | Tencent |
| Tech Companies | 30 Jul 2022 | $17M | not disclosed | not named |
| Celonis Tech Companies | 23 Aug 2022 | $400M | $13.00B | Qatar Investment Authority |
| Tech Companies | 13 Jun 2022 | $161M | $500M | PSG |
| HiBob Tech Companies | 17 Aug 2022 | $150M | $2.45B | General Atlantic |
| Coralogix Tech Companies | 1 Jun 2022 | $142M | not disclosed | Advent International and Brighton Park Capital |
| Aidoc Tech Companies | 16 Jun 2022 | $110M | not disclosed | Technology Crossover Ventures and Alpha Intelligence Capital |
| Tech Companies | 17 Aug 2022 | $110M | $500M | Shamrock Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Whatnot raise in its Series D round?
Whatnot raised $260M in its Series D round, announced in Jul 2022.
Who led Whatnot's Series D round?
DST Global and CapitalG led it, with BOND, Andreessen Horowitz and Y Combinator.
What was Whatnot's valuation at the Series D round?
$3.70B post-money ($3.44B pre-money).
How does it compare with other Series D rounds in Tech Companies?
177 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.6 times the median.
Did Whatnot raise again after this round?
Yes: a Series E round in Jan 2025 of $265M at $4.97B post-money.