Newsletter publishing platform Substack raises $100 million

July 17, 2025

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Synopsis

Founded in 2017, Substack enables writers to create subscription-based newsletters and podcasts, taking a 10% revenue share. The platform has millions of users interacting with creators through its app launched in 2022.

Agencies

Newsletter and publishing platform Substack has raised $100 million in a series C funding led by technology investment firm BOND and Peter Chernin’s The Chernin Group (TCG), with participation from venture capital firm Andreessen Horowitz (a16z), Klutch Sports Group CEO Rich Paul, and SKIMS cofounder Jens Grede.
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