Tyler Denk's Beehiiv Raises $33M, Competes with Substack, Generates Up to $1.75M Monthly Revenue
Tyler Denk, co-founder of the newsletter platform Beehiiv, has gained attention for his distinctive online persona and innovative business model. Beehiiv, which competes with Substack, differentiates itself by charging an upfront fee rather than taking a 10% cut of revenue. The platform raised $33 million in a Series B funding round in April 2024 and currently generates between $1.6 million to $1.75 million in monthly revenue. Denk's dedication to his venture is highlighted by his willingness to work late hours, reflecting his commitment to the growth of the newsletter industry. Discussions surrounding the platform's future and trends in the newsletter market are ongoing, with industry experts recognizing email as a significant investment theme for 2025.
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A profile of Tyler Denk, co-founder of newsletter platform Beehiiv, which raised a $33M Series B in April 2024 and generates $1.6M to $1.75M in monthly revenue (@benlucassherry / Inc) https://t.co/DFwvtHpZV4 https://t.co/Yb6yiLPODM
Simon OwensThis is a great profile of Tyler Denk, an early Morning Brew employee who later launched Beehiiv, which is often cited as a competitor to Substack. Beehiiv's biggest differentiator from Substack -- other than a model that charges an upfront fee instead of a 10% cut of revenue --…
Coronado 'Porch' Lindzon EMAIL continues to be one of our funds big themes for investing @SocialLeverage in 2025 .. Today we will discuss with CEO @denk_tweets of @beehiiv on 'Trends With Friends' and his spicy take 'Death By A Thousand Substacks' coming up in 20 minutes here live on Twitter