Option Announced On Thursday, it has gathered $ 100 million in Series C funding under the leadership of investors in Bond and Cherin Group (TCG). The era included the participation of Andresen Horovitz, Rich Paul, CEO and founder of Clutch Sports Group and co-founder of Jens Grad, CEO and Skims.
the new York Times Reported that funding substack evaluates up to $ 1.1 billion, which is about 70% more than a $ 2021 valuation in 2021.
Established in 2017, Substack has gained popularity as a platform for creators and publishers as a platform. The company said in March that it had 5 million paid over the subscription On its stage, 2 million in 2023.
Substack said in a blog post that he would use funding to invest “better equipment, comprehensive access and intensive support for writers and creators”. It is also planned to invest in the Substac App.
