Beehiiv Secures $33M Series B Led by NEA, Total Funding Hits $46.5M

Apr 30, 2024, 01:20 PM

Beehiiv, a New York City-based newsletter platform, has successfully raised $33 million in a Series B funding round led by NEA, with additional support from Lightspeed Venture Partners and Sapphire Sport. This round brings Beehiiv's total funding to $46.5 million. The company, which currently supports around 20,000 active newsletters, plans to use the new funds to expand its advertising network, enhance customer acquisition efforts, and increase its workforce. The investment is seen as a significant step towards modernizing the sports and media landscape.