The round was co-led by DST Global and returning investor CapitalG, Alphabet's independent growth fund. The latest fundraise brings the company's valuation to $3.7B, a 2.5x increase since its $1.5 billion valuation in September, 2021. Other participating investors include BOND and returning investors Andreessen Horowitz (a16z) and YC Continuity. The fresh capital will facilitate continued investment in the in-app live & social commerce marketplace and enable the company to launch additional categories for collectors and enthusiasts of all kinds.

Whatnot is the premier independent shopping destination for collectors and enthusiasts. The marketplace seamlessly and safely connects like-minded buyers and sellers and provides the opportunity for anyone to discover new hobbies and interests. Tapping into existing communities online and the entertainment of live shopping, Whatnot has become the largest platform on the market since its inception in 2019. Leveraging their 10+ years of experience at leading tech marketplaces, co-founders Grant Lafontaine and Logan Head addressed the biggest merchant platform pain points by coupling rigorous seller vetting with a focus on community to create a safe space for people to share their passions with others.