US EditionNewsletter platform Substack valued at $1.1 billion in latest funding round
SAN FRANCISCO COUNTY, CALIFORNIA, JUL 17 – Substack’s $100 million Series C raise values the company at $1.1 billion as it invests in its app and tools to help creators retain independence, the New York Times reported.
- Substack, a newsletter and publishing platform based in San Francisco and established in 2017, secured $100 million in a Series C funding round on July 17, 2025, with BOND and The Chernin Group leading the investment.
- This funding followed Substack's growth in paid subscriptions from 2 million in 2023 to over 5 million in early 2025 and reflects trends favoring creator independence amid rapid technological change.
- The company plans to use the new capital to invest in the Substack app, enhancing tools to help audiences connect with creators and reclaim their attention.
- Substack's valuation increased to about $1.1 billion, marking an almost 70% rise from its $650 million worth in 2021, with investment contributions from the venture firm Andreessen Horowitz, Klutch Sports Group founder Rich Paul, and Skims CEO Jens Grede.
- The funding and growth signal opportunities for creator-driven media despite challenges ahead, as Substack bets on subscriptions and emerging advertising capabilities to sustain creators independently.
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Total News Sources17
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
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