Substack - About the company
Substack is a series C company based in San Francisco (United States), founded in 2017 by Hamish McKenzie, Chris Best and Jairaj Sethi. It operates as a Platform allowing writers to publish and monetize their content directly with readers.. Substack has raised $190M in funding from investors like Andreessen Horowitz, Zhen Fund and Bond Capital, with a current valuation of $1.1B. The company has 928 active competitors, including 29 funded and 28 that have exited. Its top competitors include companies like Medium, Patreon and Yandex.
Sectors and market segments that Substack operate in
Substack serves in the Media & Entertainment market segments.The primary business model of Substack are:Company Details
Substack is a publishing platform that enables independent writers to create and distribute their own newsletters to a global audience, offering a self-serve model for content creation and monetization.
- Website
- substack.com
- Email ID
- *****@substackinc.com
- Registered Address
- D 202, Plot 14, Sector 12 Vikram Nagar CGHS Dwarka, South West Delhi, Delhi, Delhi, India, 110078
Key Metrics
Founded Year
2017
Location
San Francisco, United States
Stage
Series C
Total Funding
$190M in 6 rounds
Latest Funding Round
Post Money Valuation
$1.1B as on Jul 17, 2025
Investors
Ranked
1st among 928 active competitors
Annual Revenue
$1M - $10M as on Dec 31, 2021
Employee Count
3,513 as on May 31, 2026
Legal entities associated with Substack
Substack is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TRANSFIN MEDIA PRIVATE LIMITED CIN: U22300DL2017PTC312539 , India, Active | Feb 08, 2017 | $0 - $1M (As on Mar 31, 2025) | - | |
SUBSTACK INC. CIN: 6492832 , United States, Active | May 24, 2022 | - | - | - |
Substack Inc. CIN: 0001783191 , United States, Active | Nov 28, 2017 | $1M - $10M (As on Dec 31, 2021) | 76 (As on Apr 06, 2023) | - |
Sign up to download Substack's company profile
Substack's funding and investors
Substack has raised a total funding of $190M over 6 rounds. Its first funding round was on Feb 08, 2018. Its latest funding round was a Series C round on Jul 17, 2025 for $100M. 5 investors participated in its latest round. Substack has 30 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Substack:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 17, 2025 | $100M | Series C | $1.1B | - | ||
May 30, 2023 | $3.29M | Series B | $585M | - | - | - |
Mar 30, 2021 | $65M | Series B | $650M | - | - |
Access funding benchmarks and valuations. Sign up today!View details of Substack's funding rounds and investors
Substack's founders and board of directors
Founder? Claim ProfileThe founders of Substack are Hamish McKenzie, Chris Best and Jairaj Sethi. Chris Best is the CEO of Substack.
Here are the details of Substack's key team members:
- Hamish McKenzie: Co-Founder of Substack. They are also an angel investor in 1 startup.
- Chris Best: Co-Founder & CEO of Substack and founder of 1 other company.
- Jairaj Sethi: Co-Founder & CTO of Substack.
View details of Substack's Founder profiles and Board Members
Substack's employee count trend
Substack has 3,513 employees as of May 26. Here is Substack's employee count trend over the years:
Uncover Substack's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Substack's Competitors and alternates
Top competitors of Substack include Medium, Patreon and Yandex. Here is the list of Top 10 competitors of Substack, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Substack 2017, San Francisco (United States), Series C | Platform allowing writers to publish and monetize their content directly with readers. | $190M | 84/100 | |
2nd | Medium 2012, San Francisco (United States), Series C | Online publishing platform thet allows users to read and write blogs | $163M | 84/100 | |
3rd |  Patreon 2013, San Francisco (United States), Series F | Provider of a reward-based crowdfunding platform for musicians and content creators | $412M | 82/100 | |
4th | Blog focusing on music, market, video, and other related topics | - | 67/100 | ||
5th |  Wordpress 2005, United States, Public | Provider of website hosting, domain name registration, and website building | $28K | 67/100 | |
6th | Vernacular-based microblogging social platform | $70M | 59/100 | ||
7th | Scoop.it 2010, San Francisco (United States), Acquired | Content curation and social sharing platform for businesses | $2.6M | 58/100 | |
8th | Brightspot 2008, Reston (United States), Series B | Provider of CMS solutions for digital publishers | $22M | 54/100 | |
9th | Real time photos and video distribution platform | $16.7M | 52/100 | ||
10th | Platform to publish blogs | - | 50/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Substack's competitors? Click here to see the top ones
Substack's Investments and acquisitions
Substack has made 6 investments in companies including Yeager.ai and Animus. Substack has also acquired 1 companies including Yem.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 21, 2024 | Investments | 2023 | Doral (United States) | |
Nov 01, 2023 | Investments | 2017 | San Carlos (United States) | |
Oct 25, 2023 | Investments | 2017 | London (United Kingdom) |
Want to know more about where corporates are investing? Sign up today!See all investments by Substack
Reports related to Substack
Here is the latest report on Substack:
News related to Substack
Filter this listMedia has covered Substack for a total of 24 events in the last 1 year, 8 of them have been about company updates.
•
StatSocial Expands Platform With Substack, Unlocking Audience Insights Across Newsletter EconomyMarTech Series•Mar 18, 2026•Substack, StatSocial
•
Substack notifies users of data breach affecting email, phone numbersTechPortal•Feb 05, 2026•Substack
•
•
•
Spanish startup Uxia secures €1M to develop AI synthetic user technology for product teamsEU-Startups•Nov 27, 2025•Substack, Encomenda, User Testing, and 2 others
•
•
Madrid's Anyformat secures €3.3M to advance its Agentic OCR and Data-Sovereignty document toolsEU-Startups•Nov 27, 2025•Anyformat, Kibo Ventures, Decelera Ventures, 4Founders Capital and 2 others
•
Lumonus Secures A$25 Million in Series B to Expand AI Oncology Workflows GloballyPR Newswire•Nov 07, 2025•Aviron, Oncology Ventures, Luminous Wheels, Lumonus and 6 others
•
IgniteData Announces Final Close of Oversubscribed Series A Led by FCA Venture PartnersPR Newswire•Nov 04, 2025•IgniteData, SpringTide, Substack, LabCorp and 2 others
•
Unseed, an AI solution provider, raises funds through third-party allocationStartup Log•Oct 23, 2025•Unseen, Mt. Capra, Substack
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Substack
Explore our recently published companies
- Jagpromotions - 2003 founded, Unfunded company
- Kritzermarketing - 1994 founded, Unfunded company
- Kullanatdunyasi - United Kingdom based, 2018 founded, Unfunded company
- Invictus-Fmcg - Unfunded company
- Drinkprimee - Unfunded company
- Szjianan - Unfunded company
