Substack raises $100 million in funding with a16z participating

According to TechinAsia, Substack recently completed a $100 million funding round led by BOND and The Chernin Group, with participation from Andreessen Horowitz, Rich Paul of Klutch Sports Group, and Jens Grede, co-founder of Skims Body Inc. After this round of financing, Substack's valuation reached $1.1 billion.