Funding round
Whatnot Series G
Whatnot, which works in live streaming shopping platform services in San Francisco, raised $545M in a Series G round announced on 10 Aug 2026, led by ICONIQ, Lightspeed Venture Partners and Avra, at a $20.00B post-money valuation. 16 firms took part, 10 of them already investors. It is Whatnot's eighth venture round on record; the one before was a Series F in Oct 2025.
$545M
Amount raised
$20.00B
Post-money valuation
$19.45B pre-money
16
Investors
3 leads
1.7x
Step-up from the Series F
$11.50B in Oct 2025
2.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Whatnot at $20.00B after the new money, 1.7 times the $11.50B of its Series F (Oct 2025). The $545M bought investors about 2.7% of the company. It came 10 months after Whatnot's Series F. It is 36% of the $1.52B Whatnot has raised in the venture rounds on record. No later venture round is on record for Whatnot.
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 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 this round 10 Aug 2026, led by ICONIQ, Lightspeed Venture Partners and Avra $545M$20.00B post-money
Investors
Who put money in
ICONIQ, Lightspeed Venture Partners and Avra led the round with 13 other firms. ICONIQ, Lightspeed Venture Partners, Avra and Andreessen Horowitz and 6 more had backed Whatnot before.
Lead investors
- ICONIQ existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Avra existing investor
Also in the round
- Kleiner Perkins backs 285 venture-backed companies new investor
- Wellington Management new investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- BOND backs 91 venture-backed companies existing investor
- DST Global backs 179 venture-backed companies existing investor
- Greycroft backs 236 venture-backed companies existing investor
- Y Combinator backs 1,295 venture-backed companies existing investor
- CapitalG backs 70 venture-backed companies existing investor
- backs 20 venture-backed companies existing investor
- Robinhood Ventures Fund I new investor
- S32 new investor
- Durable Capital Partners backs 39 venture-backed companies new investor
- Alkeon backs 51 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
The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cyera Tech Companies | 10 Jun 2026 | $600M | $12.00B | Evolution Equity Partners |
| Anthropic Tech Companies | 12 Feb 2026 | $30.00B | $380.00B | GIC and Coatue |
| Clio Tech Companies | 10 Nov 2025 | $500M | $5.00B | New Enterprise Associates |
| ThoughtSpot Tech Companies | 13 Oct 2025 | $248M | $4.20B | Lightspeed and Khosla Ventures |
Sources
Where this comes from
Reported by 7 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 G round?
Whatnot raised $545M in its Series G round, announced in Aug 2026.
Who led Whatnot's Series G round?
ICONIQ, Lightspeed Venture Partners and Avra led it, with Kleiner Perkins, Wellington Management, Andreessen Horowitz, BOND and DST Global and 8 more.
What was Whatnot's valuation at the Series G round?
$20.00B post-money ($19.45B pre-money).