Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

Replace declared On Thursday, Bond and Chernin Group (TCG) financed $ 100 million C. In the period, the founder of Andreessen Horowitz, rich Paul, CEO and Klach Sports Group’s founder and co-founder of Jens Grede, CEO and Skims.

New York Times Financing, price estimates for $ 1.1 billion, almost 2021 more than $ 650 million.

In 2017, it became popular in the platform to provide the content of established, substitute, creators and publishers. The company said in March Has exceeded 5 million paid subscriptions On its platform, over 2 million in 2023.

Test, in a blog post, “better tools will use financing for more in-depth information and creators. Also, plans to invest in a substitute application.