Whatnot, the social marketplace for lrtrading collectors, has just raised $20 million in a Series A funding round led by lead investor, Y Combinator Continuity Fund. The funding round also included participation from other investors such as Andreesen Horowitz and Scribble Ventures. Whatnot’s latest funding round brings its total funding to $36 million.
Whatnot has quickly established itself as a top destination ifsptv for collectors to buy and sell a variety of items, such as trading cards, comic books, and toys. Its social features allow collectors to connect with one another and share their passion for collecting, making it an excellent platform for enthusiasts.
With this funding round, Whatnot plans to expand its platform, including adding new categories for collectors, including Pokemon collectibles. Pokemon has seen a resurgence in popularity due to the release of Pokemon Go and other new games, as well as the pandemic prompting many to rekindle their love for the classic card game.
In an interview with TechCrunch, giveme5 Whatnot co-founder Grant LaFontaine said, “We want to make Whatnot the go-to platform for collectors, and expanding into new categories like Pokemon is a natural progression for us. We’re excited to see what our community of collectors will bring to the platform, and we can’t wait to see what kind of rare and unique Pokemon items we’ll see on Whatnot.”
The addition of Pokemon to Whatnot’s platform is just one of the many ways that the company plans to grow its business. Whatnot also plans to expand its team and invest in new technology to improve the platform’s user experience and functionality.
Whatnot’s success and its ability to raise 123chill significant funding rounds are a testament to the growing popularity of collectibles as a lucrative and exciting asset class. The market for collectibles has grown significantly in recent years, with many investors looking to invest in rare and unique items.
Whatnot’s social marketplace is a significant disruptor in the e-commerce space, as it allows collectors to connect with one another and build a community around their shared interests. Whatnot’s platform encourages engagement, leading to higher transaction volumes and increased loyalty among its users.
In addition to its social features, Whatnot is also known for its exceptional user experience. The platform’s streamlined buying and selling process, combined with its reliable shipping and handling, make it a favorite among collectors who want a hassle-free experience.
As Whatnot continues to expand its platform and add new categories, it will undoubtedly attract even more collectors to its community. By building a marketplace that is tailored to the needs of collectors, Whatnot is creating a new standard for e-commerce that prioritizes engagement, community, and quality.
Overall, Whatnot’s $20 million Series A funding manytoons round is an exciting development for the company and a sign of its continued growth and success. With its expanding platform, investment in new technology, and commitment to its community of collectors, Whatnot is well-positioned to become a dominant player in the collectibles space for years to come.
