Substack confirms $65M raise, promises to ‘rapidly’ expand its financial backing of newly independent writers – TechCrunch

This afternoon Substack, a paid-newsletter startup, confirmed that it has raised $65 million, as initially reported by Axios. TechCrunch dug into the math behind the financing here. As anticipated, a16z led the new financing. What’s in store from the now Series B-backed company? Product work. The company wrote that intends to “rapidly” expand its Substack…