Funding round
Whatnot Series E
Whatnot, which works in live streaming shopping platform services in San Francisco, raised $265M in a Series E round announced on 10 Jan 2025, led by Greycroft, DST Global and Avra, at a $4.97B post-money valuation. 9 firms took part. It is Whatnot's sixth venture round on record; the one before was a Series D in Jul 2022.
$265M
Amount raised
$4.97B
Post-money valuation
$4.71B pre-money
9
Investors
3 leads
1.3x
Step-up from the Series D
$3.70B in Jul 2022
5.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Whatnot at $4.97B after the new money, 1.3 times the $3.70B of its Series D (Jul 2022). The $265M bought investors about 5.3% of the company. It came 30 months after Whatnot's Series D. It is 17% of the $1.52B Whatnot has raised in the venture rounds on record. Whatnot raised again 9 months later: a Series F round of $225M in Oct 2025, at $11.50B 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 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 this round 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
Greycroft, DST Global and Avra led the round with 6 other firms.
Lead investors
- Greycroft backs 236 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- Avra new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Durable Capital Partners backs 39 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- CapitalG backs 70 venture-backed companies new investor
- BOND backs 91 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
41 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 1.8 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Perk Tech Companies | 28 Jan 2025 | $200M | $2.70B | Atomico and EQT |
| Tech Companies | 14 Jan 2025 | $40M | not disclosed | Health Care Service Corporation |
| Tech Companies | 14 Jan 2025 | $40M | not disclosed | Health Care Service Corporation |
| Anthropic Tech Companies | 3 Mar 2025 | $3.50B | $61.50B | Lightspeed Venture Partners |
| Insider One Tech Companies | 1 Nov 2024 | $500M | not disclosed | General Atlantic |
| Island Tech Companies | 26 Mar 2025 | $250M | $4.80B | Coatue |
| Tech Companies | 19 Nov 2024 | $175M | $2.00B | Tiger Global and Balderton Capital |
| Tech Companies | 4 Mar 2025 | $126M | not disclosed | B Capital and Banc of California |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Whatnot raise in its Series E round?
Whatnot raised $265M in its Series E round, announced in Jan 2025.
Who led Whatnot's Series E round?
Greycroft, DST Global and Avra led it, with Lightspeed Venture Partners, Durable Capital Partners, Andreessen Horowitz, CapitalG and BOND and 1 more.
What was Whatnot's valuation at the Series E round?
$4.97B post-money ($4.71B pre-money).
How does it compare with other Series E rounds in Tech Companies?
41 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 1.8 times the median.
Did Whatnot raise again after this round?
Yes: a Series F round in Oct 2025 of $225M at $11.50B post-money.