Whop.com, a New York-based digital product marketplace for small sellers, raised $17M in Series A funding.
The round was led by Insight Partners, Zinal Growth, Peter Thiel, Justin Mateen, Justin Kan, The Chainsmokers, Cory Levy, Vivek Ranadive, David Blitzer, Josh Richards, Griffin Johnson (Animal Capital), James Harden, Kevin O’Leary, and Josh Browder.
The company intends to use the funds to enhance its product catalog and extend the business toolbox, making investments in AI, payments, and general marketplace infrastructure.
Founded in 2021 and led by CEO Steven Schwartz, Whop.com provides a merchant platform for people who are building new products in a variety of verticals including education, ecommerce, gaming, trading, sports picks and more, and are selling guerrilla style on social media and on forums throughout the internet.
Whop.com gives them a sleek storefront that can accept payments, deliver digital products, and attract new customers visiting the marketplace.
Whop.com currently handles over $100M+ in yearly payments with more than 3,000 sellers.
FinSMEs
20/07/2023