SUBSTACK $ 100 million from Chernin, Andressen Horowitz, CEO of SKIMS, and more


Alternative Declare On Thursday, she raised $ 100 million of financing from the C series led by investors in Bond and The Creamin Group (TCG). The participating tour included Andrink Horwatz. Rich Paul, CEO and founder of the Klutch Sports Group; And Jens Gred, CEO and co -founder of SKIMS.

New York Times Reports that financing is an alternative assessment of $ 1.1 billion, or approximately 70 % of its 2021 rating of $ 650 million.

Founded in 2017, STIMBAK has gained popularity as a platform for creators and publishers to achieve income from their content. The company said in March it had it 5 million paid subscriptions On its platform, up from 2 million in 2023.

Bani said in the blog mail It will use financing to invest in “better tools, wider access, deeper support for writers and creators.” It also plans to invest in the Substack app.

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