TechFlow, July 18 — According to TechinAsia, Substack has recently closed a $100 million funding round led by BOND and The Chernin Group, with participation from Andreessen Horowitz, Rich Paul of Klutch Sports Group, and Jens Grede, co-founder of Skims Body Inc. Following this round, Substack is valued at $1.1 billion. Founded in 2017, the Substack platform enables creators to sell paid subscriptions to newsletters and has expanded into podcasts and video content. The platform currently has over 5 million paid subscribers.
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