Substack was last valued at $1.1B (post-money). It comes from the $100M Series (2025 round) of Jun 2025. The company is private, so there is no listed share price.
1 valuation. The latest, $1.1B post-money, was set by the Series (2025 round) in Jun 2025.
A private valuation is the price agreed in one transaction. The Substack valuation of $1.1B is a post-money figure from the Series (2025 round) dated 1 Jun 2025 — the whole company measured after the $100M raised in that round was already inside it. Subtract the round and the pre-money view of the same deal is $1B .
The valuation holds until the next priced round or secondary sale. A private company founded in 2017 with roughly 94 people has no daily price and no order book between rounds.
Lead investors for each round are in the funding timeline.
The closest newsletter / subscription publishing platform peers are on the competitors page.
The routes section explains what is realistically available for a company at this stage.
No. Substack is a private company; its shares do not trade on a public exchange.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
