Sources: Substack is pitching investors on a round between $50M and $100M that would value it above its ~$700M last round price, and is generating ~$45M in ARR (Eric Newcomer/Newcomer)

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Sources: Substack is pitching investors on a round between $50M and $100M that would value it above its ~$700M last round price, and is generating ~$45M in ARR (Eric Newcomer/Newcomer)

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