Substack raises $100M at $1.1B valuation

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1zael · 3h ago

Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. The company said in March that it had surpassed 5 million paid subscriptions on its platform, up from 2 million in 2023.

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Substack raises $100M at $1.1B valuation

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