Whatnot is in talks to raise a new funding round at a $20 billion valuation

Image for article Whatnot is in talks to raise a new funding round at a $20 billion valuation
News Source : Business Insider

News Summary

  • This would be a significant jump from the $11.5 billion valuation at which the company raised capital late last year.
  • Whatnot hosts livestream shopping across categories ranging from fashion and sneakers to sports cards and vinyl records.
  • The Los Angeles-based startup is backed by Andreessen Horowitz, Y Combinator, Capital G, Sequoia Capital, and Lightspeed Venture Partners.
  • The round is in progress, and details could change.
Grant LaFontaine, CEO of WhatnotEugene Gologursky/Getty Images for Fast Company Live shopping startup Whatnot is raising a new round of funding, per multiple sources.

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