Fortune · Allie Garfinkle ·

Livestream shopping app Whatnot raised a $545M Series G led by Iconiq, Lightspeed, and Avra at a $20B valuation, up from an $11.5B valuation in October 2025

Whatnot, started in a Funko Pop-flooded rental house, is now a $20 billion company.

Venture Capital

In this story Avra Iconiq Lightspeed Whatnot

Livestream shopping app Whatnot raised a $545M Series G led by Iconiq, Lightspeed, and Avra at a $20B valuation, up from an $11.5B valuation in October 2025

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Fortune — Livestream shopping app Whatnot raised a $545M Series G led by Iconiq, Lightspeed, and Avra at a $20B valuation, up from an $11.5B valuation in October 2025 ↗

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