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

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.