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    New-York based Impel secures $104 million in growth funding

    New-York based Impel secures $104 million in growth funding

    Metagenomi bags an extra $100 million before closing its Series B

    Metagenomi bags an extra $100 million before closing its Series B

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Energy-as-a-Service startup Redaptive secures $200 million from CPP

    Energy-as-a-Service startup Redaptive secures $200 million from CPP

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      New-York based Impel secures $104 million in growth funding

      New-York based Impel secures $104 million in growth funding

      Metagenomi bags an extra $100 million before closing its Series B

      Metagenomi bags an extra $100 million before closing its Series B

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Energy-as-a-Service startup Redaptive secures $200 million from CPP

      Energy-as-a-Service startup Redaptive secures $200 million from CPP

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      Home topics E-commerce

      Live shopping platform Whatnot bags $260 million in Series D funding round

       303 total views,  1 views today

      Live shopping is expected to trigger the evolution of e-commerce.

      USTechTimes Editor by USTechTimes Editor
      July 26, 2022
      Live shopping platform Whatnot bags $260 million in Series D funding round
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      Los Angeles-based independent live shopping platform, Whatnot, has raised $260M in Series D funding at a valuation of $3.7B. The round was led by DST Global and returning investor CapitalG, Alphabet’s independent growth fund. The latest fundraise saw 2.5 times increased in valuation since its $1.5 billion valuation in September 2021.

      The round also saw participation from BOND and returning investors Andreessen Horowitz (a16z) and YC Continuity. The fresh capital will facilitate continued investment in the in-app live & social commerce marketplace and enable the company to launch additional categories for collectors and enthusiasts.

      “Whatnot is one of the fastest growing marketplaces we’ve ever seen. Whatnot’s unique approach to social commerce combines social-media-like-engagement with best-in-class eCommerce commercialization, creating a powerful combination for buyers and sellers,” said Laela Sturdy, General Partner at CapitalG.

      Live shopping is the next big thing in the US

      As per media reports, Chinese shoppers have been using live eCommerce for a while, and slowly it is picking up in the US. Even eCommerce giants like Amazon are looking to take the lead in the segment and fend off competition from TikTok and Instagram.

      The rise of live shopping is evident from Whatnot’s books, which puts it as the fastest growing independent marketplace in the US for two years. Founded in 2019, the company has raised nearly $485 million and is the US leader in social shopping, a $600B market in China and doubling it annually.

      “In the ten months since we co-led the Series C, Whatnot has successfully launched and scaled dozens of new categories, proving the horizontal power of the platform. We’re thrilled to double down on Whatnot by co-leading the Series D,” said Laela Sturdy

      Whatnot provides live shopping experiences for popular collectibles categories such as sneakers, trading cards, sports cards and memorabilia, rare toys, and more. With the fresh funds, the company plans to double down on collectible categories, expanding into diecast cars, stamps, and action figures and will continue expanding into multiple new categories.

      “This last year has been one of fast-paced growth largely attributed to the strong community our platform is fostering. It’s been incredible to see how our app cultivates connections between people with shared hobbies, keeping them tuned in to our entertaining live streams even if they aren’t buying and providing a hub for anyone to browse and discover new interests,” said CEO and co-founder Grant Lafontaine.

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      Tags: DealsE-commerceLive shoppingMarketplace
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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