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About WhatNot
Industries
Consumer Software
Consumer Goods
Company Size
1,001-5,000
Company Stage
Series E
Total Funding
$749.2M
Headquarters
Marina del Rey, California
Founded
2019
Overview
Whatnot.com is an online marketplace dedicated to collectibles, particularly Funkos, FiGPiNs, and similar items. The platform ensures that every item listed is 100% authentic through a rigorous verification process that includes hand authentication, providing trust and security for both buyers and sellers. It primarily serves collectors and enthusiasts who are passionate about pop culture franchises like Marvel Comics and Star Wars, looking for rare and exclusive items. Whatnot.com operates as an intermediary, facilitating transactions between buyers and sellers while charging low fees, which sets it apart from competitors. The company's goal is to create a safe and reliable environment for collectors to buy and sell their prized items.
Simplify's Take
What believers are saying
- Whatnot raised $265M, boosting its valuation to nearly $5 billion in 2023.
- The platform benefits from the growing trend of live shopping among younger demographics.
- Collaborations with brands like Marvel drive increased traffic and sales on Whatnot.
What critics are saying
- Increased competition from TikTok Shop could draw users away from Whatnot.
- Potential logistical challenges with Chit Chats Express may affect postage integration.
- Expansion into new product categories may dilute Whatnot's brand identity.
What makes WhatNot unique
- Whatnot offers a unique marketplace for 100% authenticated collectible items.
- The platform combines live shopping with a focus on niche collectibles like Funkos and FiGPiNs.
- Whatnot's partnerships with franchises like Marvel enhance its appeal to collectors.
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Funding
Total Funding
$749.1M
Above
Industry Average
Funded Over
6 Rounds
Andreessen Horowitz
Y CombinatorIndustry standards
Benefits
Competitive base salary and stock options
Unlimited Vacation Policy and No Meeting Holidays
Health Insurance options including Medical, Dental, Vision, Life, Short term disability & Long term Disability
Work From Home Support
Up to $500 monthly to spend within Whatnot App
Care benefits
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Starting Wednesday, February 5, Chit Chats Express Inc. is teaming up with Whatnot, the popular e-commerce streaming auction platform, to bring you quick and seamless postage solutions - powered by ChitChats - right from the Whatnot platform
Whatnot, a live shopping platform competing with TikTok Shop, raised $265 million in a Series E round, boosting its valuation to $5 billion. Led by Greycroft Partners, DST Global, and Avra, the funds will expand operations, hire tech staff, and launch new product categories. With $3 billion in sales in 2024, Whatnot aims to capitalize on a potential TikTok ban in the U.S. and plans a $72 million share buyback.
Whatnot, a platform for selling comics and other items via live videos, has raised a $265 million Series E funding round, achieving a valuation of $4.97 billion. The company also reports that its annual Gross Merchandise Value (GMV) has surpassed $3 billion.
Whatnot, the platform that allows users to sell items such as trading cards, comics, and sneakers through live videos, announced on Wednesday that it has secured $265 million in a Series E funding round, a significant investment for a livestream shopping platform.
Whatnot, the platform that allows users to sell items such as trading cards, comics, and sneakers through live videos, announced on Wednesday that it has Whatnot secured $265 million in a Series E funding round, pinning the platform’s valuation at $4.97 billion.
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About WhatNot
Industries
Consumer Software
Consumer Goods
Company Size
1,001-5,000
Company Stage
Series E
Total Funding
$749.2M
Headquarters
Marina del Rey, California
Founded
2019
WhatNot is Hiring for 76 Jobs on Simplify!
Find jobs on Simplify and start your career today
Training
1 Open Roles
People Also Viewed
Discover companies similar to WhatNot