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Whatnot valued at $20 billion in Series G funding round. 2026-08-07 08:14:59 Key takeaways. * Whatnot closed its Series G funding round Friday at $20 billion valuation, nearly doubling from less than a year ago. * Whatnot raised $545 million Series G funding led by Iconiq, Lightspeed and Avra, commanding roughly 60% of live commerce market. * CEO LaFontaine stated Whatnot plans to invest funding in AI tools, seller growth, market expansion and marketplace development. Livestreamed shopping startup Whatnot closed its latest funding round on Friday at a $20 billion valuation, nearly doubling its valuation from less than a year ago. The $545 million Series G round was led by Iconiq, Lightspeed and Avra. The rapid valuation growth reflects the expanding live commerce market, valued at upwards of $22 billion, of which Whatnot says it commands roughly 60%. Whatnot secures $545 million Series G funding. Whatnot announced in a release that the $545 million Series G round was led by Iconiq, Lightspeed and Avra. The company has raised approximately $1.5 billion since its founding in 2019. In October 2025, Whatnot raised a $225 million Series F round led by DST Global and CapitalG, valuing it at $11.5 billion. In January 2025, the company raised $265 million in a Series E round, valuing it at nearly $5 billion. According to Grant LaFontaine, co-founder and CEO of Whatnot, the company plans to invest the funding in ways for sellers to grow on the platform. "This investment allows us to build better tools, bring AI to more parts of the selling experience, help sellers reach more buyers, expand into new markets, and continue building the world's biggest and most trusted marketplace," LaFontaine said in the statement. Platform reports doubled user base and $8 billion GMV. Whatnot said that it has more than 650,000 new people joining its platform each week. The company said in a release that it had already passed the $8 billion in gross merchandise volume it saw last year. Buyers have also more than doubled over the past year. Whatnot ranked No. 8 on this year's CNBC Disruptor 50 list. eBay and TikTok Shop Live compete in live commerce space. Competition in the live commerce space is continuing to grow from e-commerce giants like eBay and Fanatics, as well as TikTok's Shop Live. Faq. What valuation did Whatnot achieve in its latest funding round? Whatnot closed its Series G funding round at a $20 billion valuation, nearly doubling its valuation from less than a year ago. How much funding did Whatnot raise in its Series G round? Whatnot raised $545 million in its Series G round, which was led by Iconiq, Lightspeed and Avra. The company has raised approximately $1.5 billion since its founding in 2019. What market share does Whatnot claim in live commerce? Whatnot says it commands roughly 60% of the live commerce market, which is valued at upwards of $22 billion. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

K2 Space, a startup building large satellites for high-power applications including data-heavy communications and defence missions, has raised $500 million in a Series D funding round. The round values the company at $6.8 billion. Kleiner Perkins and Iconiq co-led the financing, with participation from Lightspeed Venture Partners, Alphabet's CapitalG, Altimeter Capital Management, and other investors. The investment is part of a broader surge in funding across the space industry. Investors have committed billions to space startups in recent years, wagering that cheaper launches and growing demand will drive sector growth. The company plans to announce the funding on Thursday.

Anduril reportedly in talks to raise funding at $100B valuation, more than 3x last year s mark. Anduril is said to be raising a new round of funding that may push its valuation up to about $100 billion, per Reuters. Defense tech company Anduril is said to be raising a new round of capital that may push its valuation up by a whopping $40 billion to about $100 billion, Reuters reported, citing anonymous sources. The company, which raised $5 billion in May at a $61 billion valuation - itself roughly double the $30.5 billion valuation it landed in its June 2025 Series G round - may be structuring the fundraise as a two-stage process, with the second stage bringing in investors at a higher valuation. Both tranches could be closed within the year, Reuters reported. The news comes as the defense tech industry experiences an unprecedented revival, spurred by demand for drones, autonomous craft, and AI's role in warfare, as war rages both in the Middle East and Eastern Europe. In the first six months of the year, the sector saw venture funding more than double to over $12 billion, eclipsing the nearly $10 billion that startups in the space raised in all of 2025. Anduril has benefited from this demand, signing contracts with the U.S. Department of Defense, Air Force, and Army; the Dutch Ministry of Defence; NATO; the U.K. Ministry of Defence; Poland; and more. The company said in May that it had more than doubled its revenue to $2.2 billion in 2025 compared to a year earlier. Other startups have cashed in, too: Military aircraft maker Shield AI in March raised $1.5 billion, Mach Industries quadrupled its valuation to $1.8 billion last month, and Europe's Helsing this month raised $1.8 billion at an $18 billion valuation. A common thread across these deals is a shift toward cheaper, more expendable hardware, often called "attritable" systems, rather than the expensive-to-replace equipment that's defined defense contracting for decades. Mach CEO Ethan Thornton has said the startup is designing systems for the current era of warfare at significantly lower cost than traditional defense contractors, citing Ukraine's use of autonomous drones as a model. Separately, both Mach and Anduril have also moved to secure their own propulsion supply. Mach acquired solid rocket motor maker Exquadrum for $50 million in May, while the Pentagon has funded Anduril's efforts to expand domestic solid rocket motor manufacturing capacity - moves aimed at a supply bottleneck that predates and cuts across the low-cost-weapons trend. Anduril's investors include Thrive Capital, Andreessen Horowitz, Founders Fund, ICONIQ, Flux Capital, Greycroft, Altimeter, 1789 Capital, and current U.S. Vice President JD Vance, according to PitchBook. "No decisions have been made about any future financing, and anyone claiming knowledge of its terms, structure, pricing, or timing is speculating or misinformed. As a private company, we regularly evaluate opportunities to fund the growth of the business," Anduril said in an emailed statement. _Note: This story was updated to add Anduril's comment. _