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Whop, an online marketplace for digital goods, announced today that it has raised $18 million in a Series A funding round led by Insight Partners. The round also included participation from The Chainsmokers, Peter Thiel, and Kevin O’Leary.
Whop allows users to buy and sell access to digital products, such as games, software, and music. The company was founded in 2021 by Steven Schwartz, Cameron Zoub, and Jack Sharkey.
The new funding will be used to expand Whop’s team and product offerings. The company plans to hire more engineers, product managers, and customer support representatives. Whop also plans to launch new features, such as a marketplace for digital services.
“We are thrilled to partner with Insight Partners and our other investors,” said Steven Schwartz, co-founder and CEO of Whop. “This funding will allow us to accelerate our growth and make Whop the go-to destination for buying and selling digital goods.”
“We are excited to invest in Whop, a company that is at the forefront of the digital goods economy,” said Jeff Horing, co-founder and managing director of Insight Partners. “Whop is a unique marketplace that makes it easy for people to find and purchase the digital goods they want.”
Whop’s Series A funding round comes at a time of growing interest in the digital goods economy. The global digital goods market is expected to reach $223 billion by 2025. Whop is well-positioned to capitalize on this growth, as it is the only major marketplace for digital goods that is specifically designed for consumers.
The company’s platform is easy to use and offers a wide variety of digital goods, including games, software, music, and more. Whop also offers a variety of payment options, making it easy for users to buy and sell digital goods.
With its strong team, growing user base, and new funding, Whop is well-positioned to become the leading marketplace for digital goods. The company is poised to disrupt the traditional retail industry and make it easier for people to find and purchase the digital goods they want.
In addition to the funding news, Whop also announced today that it has expanded its team to 40 employees. The company is now hiring for a variety of positions, including engineers, product managers, and customer support representatives.
Whop is a rapidly growing company that is changing the way people buy and sell digital goods. The company’s platform is easy to use and offers a wide variety of digital goods. With its strong team and growing user base, Whop is poised to become the leading marketplace for digital goods.