Wednesday, May 26, 2021

Whatnot Gets $50M

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.