ICONIQ

“Whatnot 'Raised a $545 million Series G at a $20 billion valuation led by Iconiq, Lightspeed and Avra'”

“Whatnot, an LA-based live-shopping platform for collectibles, raised $545m in Series G funding at a $20b valuation. Iconiq, Lightspeed and Avra led, joined by Kleiner Perkins, Wellington Management, a16z, Bond, DST Global, Greycroft, YC, Standard Capital, and CapitalG.”

“Free trial and proof-of-concept motions now convert to paid at roughly 50%, up from about 36% a year earlier. Traditional SQL and demo paths convert at 30% to 40%.”