Beehiiv attracts $32M to make its newsletter publishing platform more sticky [TechCrunch]
HubSpot, Inc. (HUBS)
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Source: TechCrunch
a sticky way of getting attention for whatever it is that you're writing. Now, in a signal of the popularity of the medium, one of the startups building a platform for creating and distributing newsletters is announcing some funding. New York-based startup beehiiv has raised $33 million, funding that it will be using to expand its business as well as the technical capabilities of its platform. NEA is leading this round with Sapphire Sport and previous backer Lightspeed Venture Partners also participating. The startup is not disclosing its valuation with this round but it has now raised $46.5 million. The money is coming on the heels of some significant growth. When we covered beehiiv's $12.5 million Series A in June 2023 (a round led by Lightspeed), the company had 7,500 active newsletters with 35 million unique readers and 350 million monthly impressions. Now, the company is sending out 1 billion emails per month from around 20,000 active newsletters (it didn't disclose the numbe
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