Substack
A place for independent writing.
San Francisco, United States · Founded 2017 · $180.3M raised
- Headquarters
- San Francisco, California
- Employees
- 51–200
- Founded
- 2017
- Business Model
- B2B
- Website
- substack.com
- Total Funding
- $180.3M
- Last Round
- $100.0M Series CJul 2025
- Rounds
- 3
About
Substack is a media platform that lets writers, podcasters, and video creators publish directly to subscribers and earn money from subscriptions, keeping 90% of the revenue they generate. Creators can host newsletters, podcasts, and live video, build an audience through Substack's built-in discovery network of tens of millions of weekly readers, and access legal support through Substack Defender. The platform is free to start, with no platform fees or long-term contracts, and monetizes only when creators do.
Summary
Substack is a Marketplace company based in San Francisco, United States, founded in 2017. It has raised $180.3M in total across 3 rounds, most recently a $100.0M Series C round in Jul 2025. Investors include Andreessen Horowitz, Bond Capital and The Chernin Group.
Tech & App Stack
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Funding History
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Jul 2025
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Series A through Series C — per-round amounts, valuations, and who invested in each round.
Investors
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