Whop Raises $200M in Series D Funding at $5.1B Valuation

Whop, a technology company providing a platform for business creation and digital commerce, has raised $200 million in a Series D funding round at a $5.1 billion valuation. The round was led by Sequoia and Shopify Ventures.

The latest investment brings Whops total funding to $400 million, following a $200 million strategic investment from Tether in February 2026.

The company plans to use the new funds to accelerate global expansion and research, and development.

What is Whop?

Whop provides a platform that helps people start, operate and grow online businesses. It offers tools for business creation, product distribution, payments and digital commerce through a user-friendly interface and an extensive API.

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The platform serves a wide range of business operators, from product leaders at growing startups to young entrepreneurs launching their first businesses. Companies on Whop cater to specialised customer needs, including invoicing software for trucking companies, emergency tree removal services, private jet booking platforms and neobanks for dropshippers.

Whop also provides tools that help businesses use AI to manage operations and make decisions. Its goal is to make it easier for people to build businesses and generate income online.

How Much Funding Has Whop Raised?

Whop has raised $400 million in total funding, including its latest $200 million Series D round.

In February 2026, the company received a separate $200 million strategic investment from Tether. The latest round values Whop at $5.1 billion.

Who Invested in Whop’s Series D?

Sequoia and Shopify Ventures led Whop's $200 million Series D funding round.

The announcement does not identify additional investors in the latest round. Tether was the source of the company's earlier $200 million strategic investment in February 2026.

Why the Funding Matters

Whop plans to use the funding to expand internationally and invest in research and development.

The company is developing tools that help entrepreneurs launch businesses, reach customers and manage operations with AI. Its recent product launches include Business Blueprints, Whop CLI and Economic Intelligence.

Who founded Whop?

Whop was founded in 2021 by Steven Schwartz, Jack Sharkey and Cameron Zoub.

The company is headquartered in Palo Alto, California.

"We take inspiration from the traditional economy in designing Whop, and because businesses are the primary conduit by which people earn money and create value, we focus on them as our primary customer," said Steven Schwartz, Co-founder and CEO of Whop.

"They're doing about a half billion in revenue, the business is doing great, and we're helping humanity create businesses for people who can't find a job", said Doug Leone, Partner at Sequoia Capital.

Market and Business Growth

Whop reports that around 25,000 business operators generate $550 million on the platform each month. It also provides an income source for more than 50,000 people who contribute to those businesses every month.

Since launching Business Blueprints six weeks before the announcement, more than 21,000 businesses have been created through the product.

Whop CLI and its Model Context Protocol (MCP) connectors collectively receive more than 350,000 calls per day and have over 14,700 monthly active users.

What Happens Next?

Whop plans to use its new funding to expand into more markets and continue developing its business creation and AI-powered tools.

The company aims to help more people launch online businesses, reach specialised customer groups and generate income through its platform.

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