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Whop raises $205M at $5.1B valuation as Sequoia reverses its earlier pass

Tech Funding News Abhinaya Prabhu

Whop raised $205 million at a $5.1 billion valuation, reversing Sequoia’s earlier pass, with Sequoia leading the round and Doug Leone joining the board. Annualized revenue passed $400 million, up from $60 million at the start of 2025. Whop will use the new capital for global expansion and R&D, including an AI-powered decision engine that uses Whop transaction data.

Why it matters

Sequoia Capital once passed on Whop. Now it is leading a $205 million Series D in the company…

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