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 (Allie Garfinkle/Fortune)

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Allie Garfinkle / 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  —  Whatnot, started in a Funko Pop-flooded rental house, is now a $20 billion company.  —  The live commerce platform exclusively told Fortune …

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