Beehiiv

Newsletter software platform with subscription billing, audience growth, and ad monetization for creators

Creator Economy 📍 New York, NY Founded 2021

Current Valuation

$192M

as of 2025-Q1

PRIVATE

Beehiiv is a newsletter publishing platform founded in 2021 by Morning Brew alumni Tyler Denk, Benjamin Hargett, and Jake Hurd, built to give creators audience-growth, subscription-billing, and ad-monetization tools that Substack and ConvertKit lacked. The Beehiiv Ad Network monetizes the newsletter long-tail by matching creators to brand advertisers. Revenue scaled from ~$20M at the end of 2024 to roughly $30M annualized by mid-2025 (154% YoY in 2024) on 100,000+ newsletters. The company raised a $33M Series A extension led by Lightspeed at a $192M valuation in April 2024, with later participation from ParaFi and Reciprocal Ventures.

Company Profile

CEO

Tyler Denk

Founded

2021

New York, NY

Employees

~120

Total Raised

$47M

Est. Revenue

$30M (2025-Q2)

Growth

~154% YoY in 2024; ~$30M annualized revenue in June 2025 (up from $19.8M end of 2024); 100,000+ newsletters on platform

Last Round

Series A extension — $33M (Apr 2024) · Lead: Lightspeed Venture Partners

IPO Status

private

Founders & Key People

Tyler DenkBenjamin HargettJake Hurd

Investors

Lightspeed Venture Partners · Sapphire Sport · Social Leverage · ParaFi Capital · Reciprocal Ventures · Morning Brew alumni angels

Products

Beehiiv newsletter publishing platform
Beehiiv Ad Network (creator-to-brand marketplace)
Subscription paywall and Stripe billing
Audience growth and referral tools
AI-assisted writing and segmentation

Competitors

Substack · ConvertKit · Ghost · Mailchimp (Intuit - INTU) · Patreon · Kit

Creator EconomyNewsletterSaaSMarketing AutomationB2B