Beehiiv Raises $12.5 Million for Newsletter Platform

Beehiiv, a newsletter platform that allows writers to monetize their content, has raised $12.5 million in a Series A funding round. The platform focuses on using email, which has an estimated 4.4 billion users overall, to communicate with an audience and build a following. Beehiiv offers three usage tiers: free, $42 per month, and $84 per month. The platform has around 7,500 users, whose newsletters have an estimated 35 million unique readers and 350 million monthly impressions. Beehiiv’s success is built on its innovative approach to advertising, paywalls, and its use of artificial intelligence to tailor content. Beehiiv was launched in October 2021 and was profitable for a time until this funding round. Investors include Lightspeed Venture Partners, Social Leverage, Creator Ventures, Blue Wire Capital, and Contrarian Thinking Capital.