Substack raises $100M at $1.1B valuation(techcrunch.com)
techcrunch.com
Substack raises $100M at $1.1B valuation
https://techcrunch.com/2025/07/17/substack-raises-100m-from-chernin-group-andreessen-horowitz-skims-ceo-and-more/
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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.