Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates Whatnot generated $1B in revenue in 2025, up from $359M in 2024, with the platform achieving $8B in GMV that year.</li><li>The platform ranked #1 Shopping app in both the U.S. and U.K. in 2025, spending 144 days in the App Store top 20.</li><li>In October 2025, Whatnot announced it had raised $225M at an $11.5B valuation, bringing total funding to ~$968M.</li></ul>

Sacra estimates Whatnot generated $1B in revenue in 2025, up from $359M in 2024, with the platform achieving $8B in GMV that year.The platform ranked #1 Shopping app in both the U.S. and U.K. in 2025, spending 144 days in the App Store top 20.In October 2025, Whatnot announced it had raised $225M at an $11.5B valuation, bringing total funding to ~$968M.

<ul><li>Trendsi was valued at approximately $134.5 million post-money in its Series A round in October 2022.</li><li>Trendsi operates a B2B supply chain platform that enables boutique owners, online sellers, and influencers to sell fashion products without holding inventory.</li><li>Trendsi operates a B2B2C model that combines a two-sided marketplace with vertical supply chain services.</li></ul>

Trendsi was valued at approximately $134.5 million post-money in its Series A round in October 2022.Trendsi operates a B2B supply chain platform that enables boutique owners, online sellers, and influencers to sell fashion products without holding inventory.Trendsi operates a B2B2C model that combines a two-sided marketplace with vertical supply chain services.

<ul><li>Whatnot has cracked livestream commerce in the U.S where companies like Meta and Amazon struggled.</li><li>Sacra estimates that Whatnot grew 102% YoY to $359M in revenue in 2024.</li><li>As Whatnot expands beyond collectibles into larger TAM verticals, it’s begun to compete against vertical-focused ecommerce retailers.</li></ul>

Whatnot has cracked livestream commerce in the U.S where companies like Meta and Amazon struggled.Sacra estimates that Whatnot grew 102% YoY to $359M in revenue in 2024.As Whatnot expands beyond collectibles into larger TAM verticals, it’s begun to compete against vertical-focused ecommerce retailers.

United States

Livestream shopping app for collectibles like trading cards, sneakers, and toys

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Whatnot (WHATNOT US)

Primer: Whatnot - 31 Jul 2026

Livestream shopping app for collectibles like trading cards, sneakers, and toys

Sacra

Primer: Trendsi - 30 Apr 2025

Fashion dropshipping, wholesale, and private labeling platform simplifying sourcing, inventory, and fulfillment

Sacra

Whatnot At $359M/yr

TL;DR: With their entertainment-first design, Whatnot has cracked livestream commerce in the U.S where companies like Meta and Amazon struggled....

Sacra

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