Substack

About

Substack is a subscription-based newsletter publishing platform for independent writers.

San Francisco,California,United States
51 - 100
https://www.substack.com

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $2M
Industries: Content Creators,Media and Entertainment,News,Publishing,Subscription Service
Founded date: Jan 1, 2017
Number Of Employee: 51 - 100
Operating Status: Active
Legal Name: Substack Inc.

Substack makes it simple for a writer to start an email newsletter that makes money from subscriptions. They provide web and newsletter publishing tools that are purpose-built for paid subscriptions. It also offers an all-in-one solution to help you get paid for your writing.

Their tools will include easy-to-use editing software that can handle the simultaneous publication of stories and newsletters for a payment solution that makes subscriptions intuitive and manageable for both publisher and reader. They also share features that allow stories to find large audiences outside the paywalls and design templates so that publishers can create beautiful reading experiences.

Substack was founded in 2017 by Jairaj Sethi, Christopher Best, and Hamish McKenzie and is headquartered in San Francisco, California, USA.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$82.42M

Substack has raised a total of $82.42M in funding over 2 rounds. Their latest funding was raised on Mar 31, 2021 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Mar 31, 2021	Series B	$65M	4	Andreessen Horowitz	—	Detail
Jul 16, 2019	Series A	$15.30M	2	Andreessen Horowitz	—	Detail
Apr 30, 2018	Seed	$2M	12	—	—	Detail
Jan 4, 2018	Pre-seed	$120K	1	Y Combinator	—	Detail

Investments

Number of Investments

Number of Lead Investments

2

1

Substack has made 2 investments. Their most recent investment was on Aug 5, 2020, when Greyhorse Clearinghouse Ltd raised £1M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Aug 5, 2020 Greyhorse Clearinghouse Ltd	Seed	£1M	Banking	Yes
Dec 4, 2019 Virgin Galactic	Post-IPO Equity	—	Aerospace	—

Investors

Number of Lead Investors

Number of Investors

3

16

Substack is funded by 16 investors. Andreessen Horowitz and Audrey Gelman are the most recent investors.

Investor Name	Lead Investor	Funding Round
Andreessen Horowitz	Yes	Series B
Audrey Gelman	—	Series B
Fifty Years	—	Series B
Quiet Capital	—	Series B
Y Combinator	—	Series A
Brad Flora	—	Seed
Emmett Shear	—	Seed
FundersClub	—	Seed
Garage Capital	—	Seed
Justin Waldron	—	Seed

Employee Profiles

Number of Employee Profiles

10

Substack has 10 current employee profiles, including Executive Christopher Best

Executive

Executive

Executive

Employee

Employee

Acquisition

Substack has acquired 4 organizations. Their most recent acquisition was People & Company on May 14, 2021. They acquired People & Company for 0.

Date Company Name	Industry	Acquisition Type	Price
May 14, 2021 People & Company	Web Design	acquisition	—	Detail
Jul 29, 2021 Letter	Internet	acquisition	—	Detail
Aug 23, 2021 Cocoon	Internet	acquihire	—	Detail
Sep 29, 2022 Yem	Email Marketing	acquisition	—	Detail