Whop's Sequoia-led round values company at $5.1 billion

Whop has closed a funding round led by Sequoia Capital, pushing its valuation to $5.1 billion. The deal was highlighted by investor Doug Leone, who returned to an active investing role at Sequoia earlier this year.

• Whop is valued at $5.1 billion after the round
• Sequoia Capital led the funding
• It marks Doug Leone's first deal since his return to active investing