The world took a double take at the potential of newsletters after Substack started to blow up a few years ago. Now, another buzzy startup wants to disrupt the disruptor. beehiiv, a(nother) platform for writing, monetizing and distributing newsletters, is today announcing that it has raised $12.5 million, a Series A that it will be using to expand its product, bring on more writers and build out its revenues.
Lightspeed Venture Partners is leading this round with Social Leverage, Creator Ventures, Blue Wire Capital, and Contrarian Thinking Capital also participating.
The premise of beehiiv (styled with a lower “b”) is pretty simple: Tyler Denk, the co-founder and CEO, believes that while social media is where writers and other creators may have made their names, email — with its estimated 4.4 billion users overall — remains the most lucrative channel for communicating and building more a …
