Whatnot Has a New $310 Million Series D Round

Whatnot has just authorized a new Series D preferred stock which could increase the valuation to $3.8 billion if all Series D shares are issued. The live stream platform and marketplace is previously backed by CapitalG, Y Combinator, A16Z and other stratgic investors. The most recent Series D round follows $141 million raised for Series C. The terms surrounding the Series D include pari passu liquidation preference with all other preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $162.3009, an up round from Series C at $69.5791.
Here is how they are currently tracking against the index: