Will's Blog: Sources: Substack is pitching investors on a round between $50M and $100M that would value it above its ~$700M last round price, and is generating ~$45M in ARR (Eric Newcomer/Newcomer)

17 June 2025

Sources: Substack is pitching investors on a round between $50M and $100M that would value it above its ~$700M last round price, and is generating ~$45M in ARR (Eric Newcomer/Newcomer)

Eric Newcomer / Newcomer:
Sources: Substack is pitching investors on a round between $50M and $100M that would value it above its ~$700M last round price, and is generating ~$45M in ARR — Substack is generating about $45 million in annual recurring revenue: sources — Substack is quietly fundraising …

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