Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more
Substack's latest funding round has increased its valuation to $1.1 billion, marking a nearly 70% rise from its 2021 valuation of $650 million.
MAIN POINTS
- Substack's valuation has reached $1.1 billion.
- The new valuation represents a 70% increase from 2021.
- The previous valuation in 2021 was $650 million.
- The information was reported by The New York Times.
TAKEAWAYS
- Substack's growth is significant, reflecting investor confidence.
- A 70% valuation increase indicates strong market performance.
- The platform's financial trajectory shows rapid expansion.
- The New York Times highlights Substack's rising market influence.