Private Market View

Whatnot

San Francisco, CA · Founded 2019 · Privately Held (backing)

PA Mark · $/share
$93
Sep 2026
Implied valuation
$11.5B
Total raised
$975.4M
Last round
Later Stage VC
Oct 2025
What is Whatnot worth?
$11.5Blast known valuation

Whatnot last raised $225.0M in its Later Stage VC (Oct 2025).

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Funding history

5 rounds
DateRoundRaisedPost-money
Oct 2025Later Stage VC$225.0M
Dec 2024Later Stage VC$262.0M
Jul 2022Later Stage VC$260.0M
Aug 2021Later Stage VC$141.1M
May 2021Early Stage VC$47.0M

How Whatnot's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Whatnot, we compose those signals into the PA Mark — a weighted composite of 2 recent pricing inputs, decayed by age and reset on new rounds. The implied valuation multiplies the mark by shares outstanding. Full methodology →

Frequently asked

What is Whatnot worth?
Whatnot's implied valuation is $11.5B, based on the PA Mark composite price of about $93 per share as of Sep 2026.
How much has Whatnot raised?
Whatnot has raised $975.4M in total funding across 5 recorded rounds.
When did Whatnot last raise?
Whatnot last raised in Oct 2025 (Later Stage VC), raising $225.0M.