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Los Angeles-based
Whatnot, which operates a live streaming shopping service for collectibles, says it has raised $50M in its Series B funding round. The funding was led by Anu Hariharan from Y Combinator Continuity, with participation from Andreessen Horowitz. The funding also inluded angels Animal Capital (Josh Richard, Noah Beck & Marshall Sandman), musicians Ryan Tedder and DJ Skee with Mint 10, NFL players DeAndre Hopkins and Bobby Wagner, and Jeremy Padawer, according to the company. The company says it will use the funding to double down on sports card and memorabilia on its platform. The company s livestream shopping site started by offering up FunkoPop and Pokemon cards, but now also offers up comic books, sports cards, and other trading cards. WhatNot is led by co-foudner and CEO Grant Lafontaine.
Whatnot Raises $50M Series B Led by Y Combinator Continuity to Cement Its Leadership as The Largest Live Shopping Platform in the US
The company plans to use the funding to double down on sports card and memorabilia, which has quickly grown to become the #1 category on the platform
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LOS ANGELES, May 25, 2021 /PRNewswire/ Today, Whatnot announced it has raised $50M in Series B funding, led by Anu Hariharan from Y Combinator Continuity, with participation from Andreessen Horowitz. They join investors Animal Capital (Josh Richard, Noah Beck & Marshall Sandman), musicians Ryan Tedder and DJ Skee with Mint 10, NFL players DeAndre Hopkins and Bobby Wagner, and Jeremy Padawer, among others.