- Companies
- Whop
Whop Revenue, Valuation, Funding & Investors
Whop is valued at $1.6B as of February 2026, a 11.3x multiple on its last reported $142M revenue.
Last Whop valuation
$1.6B
Undisclosed stage · Feb 2026
Last Whop funding round
$200M
Undisclosed stage · Feb 2026
Whop revenue
$142M
Undisclosed stage · Feb 2026
Key investors in Whop
Justin Mateen
JAM Fund
Insight Partners
Pareto Holdings
Edward Lando
Peter Thiel
About Whop
Whop functions as a marketplace for digital products where entrepreneurs sell communities, online courses, and software tools. It manages memberships across Telegram and Discord with automated role assignments and access controls. San Francisco-headquartered Whop provides payment processing, analytics, and chat features to help creators scale operations and retain subscribers.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Revenue
$142M (Feb 2026)
Valuation
$1.6B (Feb 2026)
Whop Valuation
Whop is currently valued at $1.6B, based on its undisclosed-stage round in February 2026.
The $200M round was led by Tether.
Whop's valuation has grown 14x from $117M at its Series A in July 2023 to $1.6B in February 2026, across 2 priced rounds.
Whop valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2026 | Undisclosed stage | $1.6B | 11.3x |
| Jul 2023 | Series A | $117M | - |
Whop Revenue
Whop's latest recorded revenue is $142M, as of its undisclosed-stage round in February 2026. At a $1.6B valuation, that implies a 11.3x revenue multiple.
Whop revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2026 | $142M | $1.6B | 11.3x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Whop Funding History
Whop has raised a total of $218M across 3 funding rounds.
Whop's first fundraising round was a $1M seed round in January 2022. The most recent completed round was a $200M undisclosed-stage round in February 2026.
Whop funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Undisclosed stage | Tether (lead) | $200M | $1.6B | - |
| Jul 2023 | Series A | JAM Fund; Peter Thiel; James Harden; The Chainsmokers; Justin Mateen; Justin Kan; Griffin Johnson; Josh Richards; David Blitzer; Insight Partners; Cory Levy; Josh Browder | $17M | $117M | Whop is an online marketplace for digital goods, enabling sellers to offer products like sports gambling picks, software, communities, courses, and trading tools, while providing buyers with discovery tools and purchase management. Founded by Steven Schwartz, Cameron Zoub, and Jack Sharkey, the platform targets influencers and content creators, offering dashboards with analytics, CRM, and promotion tools for sellers, and recommendation algorithms for buyers. At the time of the July 2023 Series A, Whop had around 1 million customers, 3,000 sellers, and had processed $100 million in transactions. The $17 million Series A round, led by Insight Partners with participation from The Chainsmokers, Peter Thiel, and others including Cory Levy, David Blitzer, Griffin Johnson, JAM Fund, James Harden, Josh Browder, Josh Richards, Justin Kan, and Justin Mateen, valued the company at over $100 million post-money. Whop charges a 3% transaction fee on purchases and plans to use the funds to develop the platform, expand the team from 20 people, grow to 10,000 sellers, and process over $15 million monthly. |
| Jan 2022 | Seed | JAM Fund (lead); Justin Mateen (lead); Edward Lando; Pareto Holdings | $1M | - | - |
Who has invested in Whop?
15 investors have backed Whop across its funding rounds, including Justin Mateen, JAM Fund, Insight Partners, Pareto Holdings, Edward Lando and Peter Thiel.
Lead investors include Tether, JAM Fund and Justin Mateen.
Whop Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2022 | ||
| 2 | Lead | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Lead | Feb 2026 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
This data is available for Pro users. Sign up to see all 15 Whop investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestments by Whop
Whop has invested in 1 company to date.
Latest investment by Whop was on April 30th 2025. Whop invested in Hidden Studios in their $2M Pre-seed round.
Latest Investments by Whop
| Description | Hidden Studios is a London-based adtech studio embedding brand integrations into mobile games like PUBG Mobile and Roblox experiences. It creates playable ads and rewarded video campaigns reaching 500 million gamers monthly via Unity and ironSource. Clients include Coca-Cola and Nike for AR filters and in-game events. Founded in 2021, it reports 30 percent higher engagement than standard video ads across EMEA and North America. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 30 Apr 2025 |
| Round | Pre-seed |
| Raised | $2M |
| Investors | JAM Fund; Edward Lando; Pareto Holdings; Justin Mateen; Ben Pasternak; Press Start Capital; Jay Rifkin; Cory Levy |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Whop investments and their VC round multiples. Start Free Trial | |
Whop Competitors
Whop competitors include listed companies like Liquidity Services and Ziff Davis, and private ones like Ganji, Zhubajie, DealShare and AppDirect.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.6B | - | ||
| Private | - | - | $1.6B | - | ||
| Private | - | - | $1.6B | - | ||
| Private | $18M | - | $1.5B | - | ||
| Publicly listed | $477M | $45M | $1.4B | 2.4x | ||
| Publicly listed | $1.5B | $335M | $2B | 1.0x |
Whop Public Comps
Whop is still privately-owned, but its public comps include eFinance, GO, CarTrade Tech, ACV Auctions, TBO.com, Izumi Co, Liquidity Services, Mony Group, Alma Media and Lime.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $130M | $67M | 11.8x | - | 22.8x | - | |||
| $266M | $49M | 5.4x | 5.3x | 29.4x | 24.7x | |||
| $81M | $33M | 17.5x | 15.6x | 43.2x | 43.8x | |||
| $760M | ($19M) | 2.3x | 2.1x | (89.6x) | 24.8x | |||
| $262M | $41M | 6.7x | 5.2x | 43.2x | 34.3x | |||
| $3.7B | $300M | 0.6x | 0.6x | 6.9x | 6.8x | |||
| $477M | $45M | 2.4x | 2.4x | 24.9x | 14.4x | |||
| $599M | $184M | 2.3x | 2.3x | 7.5x | 7.1x | |||
This data is available for Pro users. Sign up to see all Whop competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Whop
| When was Whop founded? | Whop was founded in 2021. |
| Where is Whop headquartered? | Whop is headquartered in New York City, NY, United States. |
| Is Whop publicly listed? | No, Whop is a private, VC-backed company. |
| What is Whop's valuation? | Whop was last valued at $1.6B in its undisclosed-stage round in February 2026. |
| How much funding has Whop raised? | Whop has raised $218M across 3 funding rounds. |
| What was Whop's last funding round? | Whop's last funding round was a $200M undisclosed-stage round in February 2026, led by Tether. |
| Who are Whop's investors? | Whop's investors include JAM Fund, Justin Mateen, Edward Lando, Peter Thiel, Pareto Holdings, James Harden, The Chainsmokers, Tether, Justin Kan, Griffin Johnson and 5 others. |
| What is Whop's revenue? | Whop's latest recorded revenue is $142M (February 2026). |
| What is Whop's revenue multiple? | Whop's latest valuation implies a 11.3x revenue multiple ($1.6B valuation on $142M of revenue). |
| Which companies are comparable to Whop? | Companies comparable to Whop include Ganji, Zhubajie, DealShare, AppDirect, Liquidity Services and Ziff Davis. |
| How many companies has Whop invested in? | Whop has invested in 1 company, including Hidden Studios. |
| What was Whop's last investment? | In April 2025, Whop invested in Hidden Studios' $2M pre-seed round alongside JAM Fund, Edward Lando, Pareto Holdings and 5 other investors. |
See companies similar to Whop
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




