Games & Commerce
Whatnot valuation rises to $20 billion on live shopping growth
Live shopping platform Whatnot raised $545 million in a Series G round, winning a valuation of $20 billion. CNBC reported on Aug. 7 that its valuation nearly doubled in less than a year. Iconiq, Lightspeed and Avra led the round. The company said more than 650,000 new users join weekly and it has already surpassed last year’s $8 billion gross merchandise volume. Buyer numbers more than doubled over the past year.
