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Substack Raises $100M Series C Led by BOND and The Chernin Group at $1.1B Valuation
Series CSaaSVenture Capital

Substack Raises $100M Series C Led by BOND and The Chernin Group at $1.1B Valuation

P
Pulse
•July 17, 2025
P
Pulse•Jul 17, 2025
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Participants

Andreessen Horowitz

Andreessen Horowitz

investor

The Chernin Group

The Chernin Group

investor

United Talent Agency

United Talent Agency

investor

Deal Summary

Substack raised $100 million in a Series C round led by BOND and The Chernin Group, with participation from Andreessen Horowitz, Rich Paul, Jens Grede and others. The funding values the company at $1.1 billion and will be used to build tools, expand reach and invest in the Substack app.

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