Whop, a US-based digital commerce and business creation platform, raised $200 million in a Series D funding round led by Sequoia Capital and Shopify Ventures. The investment valued the company at $5.1 billion.
Founded in 2021 by Steven Schwartz, Cameron Zoub and Jack Sharkey, Whop provides infrastructure for entrepreneurs and businesses to create, manage and monetise online ventures. Schwartz serves as CEO, Zoub as Chief Growth Officer and Sharkey as Chief Technology Officer.
The platform combines business creation tools, payment processing, digital commerce capabilities and application programming interfaces (APIs). It supports businesses offering software, services, digital products and other online commercial activities.
Whop plans to use the new capital to expand internationally and increase research and development, particularly in payment and advertising technologies.
The Series D follows a $200 million strategic investment from Tether in February 2026, which valued Whop at $1.6 billion. The two transactions represent $400 million in financing announced during 2026.
According to Whop, approximately 25,000 business operators generate a combined $550 million in monthly revenue through its platform. The company also reports facilitating transactions across 185 countries.
Whop has recently introduced several products, including Business Blueprints, which helps users establish businesses; Whop CLI, which provides programmatic access to its business infrastructure; and Economic Intelligence, a system that uses transaction data to recommend business actions.
The company said these products form part of its efforts to develop an integrated platform for creating and operating internet-based businesses.
