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The live commerce platform's valuation has nearly doubled since its $11.5 billion Series F round last October

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Whatnot announced on Friday that it has closed a $545 million Series G round at a $20 billion valuation, the company said. The round was led by ICONIQ, Lightspeed, and Avra.

That figure is close to twice the $11.5 billion valuation Whatnot held after its $225 million Series F last October, according to CNBC. The company has raised approximately $1.5 billion since its 2019 founding, the company said.