beehiiv offers a platform for creating, distributing and monetizing email newsletters, serving individual writers, brands and larger publishers. The product includes tiered pricing, an advertising network launched in the last year, and APIs to ease migration and integration with CRMs. The company says its customers collectively earn about $1.2 million in platform revenue each month. Operational scale has grown to roughly 20,000 active newsletters sending about 1 billion emails per month. Beehiiv plans to expand its technical capabilities, invest in marketing and sign deals with larger publishers to increase ad inventory. Management also left open the possibility of supporting marketing emails in addition to publisher-focused newsletters. beehiiv is a newsletter platform that helps writers create, monetize, and distribute email newsletters. Launched in October 2021 and based in NYC, it was founded by Tyler Denk, Benjamin Hargett, and Jake Hurd. As of the article, the platform hosts 7,500 active newsletters with 35 million unique readers and 350 million monthly impressions. It reports a revenue run rate of $4 million and ARR of $3 million, with three usage tiers (free, $42/month, $84/month); the company was profitable on a monthly basis from April 2023 until the latest funding changed that. beehiiv is focused on newsletters rather than other media formats, does not take a cut on creator subscriptions, and is pursuing advertising as a key monetization channel, including a programmatic ad network. Growth has been primarily product- and community-led, with roughly 90% of monthly growth unpaid and a mix of publishers that started on beehiiv and creators who migrated from other platforms.

Total raised

$46M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2024