Reported about 7 hours ago
Substack, a newsletter platform, has raised $100 million in a funding round led by Bond and the Chernin Group, bringing its valuation to $1.1 billion. The round included participation from notable investors such as Andreessen Horowitz and sports executive Rich Paul. The platform has seen its paid subscriptions grow from 4 million to over 5 million in just four months, highlighting a trend of creators turning to Substack for more control over their content distribution amid increasing digital engagement.
Source: YAHOO