CapitalG helped livestream e-commerce platform developer Whatnot secure a $1.5bn valuation in a series C round taking its total funding to $225m.

CapitalG, the growth equity subsidiary of internet group Alphabet, participated in a $150m in a series C round for US-based livestream shopping platform developer Whatnot yesterday valuing it at $1.5bn.

Venture capital firm Andreessen Horowitz and accelerator Y Combinator’s YC Continuity fund also took part in the round, as did private investors Andre Iguodala, Logan Paul, Gokul Rajaram and Nilam Ganenthiran.

Founded in 2019, Whatnot operates an online streaming and shopping platform for collectable merchandise such as trading cards and…