Thursday, May 26, 2022

Substack abandons fundraising effort

 By William Turvill

Newsletter platform Substack has given up on a plan to raise around $75-100m amid a wider slowdown in investment activity, according to a New York Times report.

The NYT reported that the fundraising could have valued Substack at between $750m and $1bn.

SourceNew York Times

Deal size: $750m-$1bn

Country: US

Status: Official

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