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Substack Completes $100 Million New Financing, Valued at $1.1 Billion

Summary: Content subscription platform Substack recently completed a $100 million financing round, reaching a new valuation of $1.1 billion. The funding was led by BOND and Chernin Group, with participation from Andreessen Horowitz, Klutch Sports Group founder Rich Paul, and Skims Body Inc. co-founder Jens Grede. Founded in 2017, Substack has received support from prominent investment ...

Content subscription platform Substack recently completed a $100 million financing round, reaching a new valuation of $1.1 billion. The funding was led by BOND and Chernin Group, with participation from Andreessen Horowitz, Klutch Sports Group founder Rich Paul, and Skims Body Inc. co-founder Jens Grede. Founded in 2017, Substack has received support from prominent investment firms such as Andreessen Horowitz (a16z), Y Combinator, and Fifty Years. The platform has surpassed 5 million paid subscribers and expanded to include content formats such as podcasts and videos.

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Link: Substack Completes $100 Million New Financing, Valued at $1.1 Billion [Copy]

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