Happy Holidays friends.
This week, I’m excited to bring you the company that makes my emails possible! I learned about beehiiv in early 2022, after several friends began newsletters on the platform. At first, I said to myself: “here’s another startup like Substack” but things hits different here. I was so impressed with what the relatively new startup had to offer and met its co-founder and CEO Tyler Denk soon after.
Beehiiv has helped us take my newsletter to places I couldn’t previously imagine. I grew a community by handreds of strangers that became friends and have been able to better engage with you through my content.
It seems fitting to now cover beehiiv’s Series A as a testament to the unique tools its team is building. I hope you enjoy this week’s cover!
Next-gen newsletter publishing
beehiiv is an email newsletter publishing platform. Founded by ex-Morning Brew engineers and product leaders, it markets itself as “the newsletter platform for growth” and offers a unique set of tools to aid newsletters on their growth journey. beehiiv also has a relatively simple pricing structure which separates it from competitors.
🔗 Check it out: beehiiv.com
💰 Business Model
beehiiv’s revenue comes from its monthly subscriptions. It operates on a three-tiered system: a free plan, a Grow plan ($42/month billed annually), and a Scale plan ($84/month billed annually). Enterprise options are available for newsletters with over 100,000 readers.
📈 Traction and Fundraising
Raised $12.5 million Series A from investors like Lightspeed Venture Partners, Social Leverage, Creator Ventures, Blue Wire Capital, and Contrarian Thinking Capital
Over 75,000 newsletters on the platform with 35 million unique readers and 350 million monthly impressions
Tyler Denk, CEO
Immediately before founding beehiiv, Tyler Denk was at Google, serving as a product lead on YouTube Music. But his claim to fame comes from being employee #2 at Morning Brew, one of the most prominent online newsletters out there. While at Morning Brew, he sat at roles across growth, engineering, and product, building and extending many of Morning Brew’s core growth functions. It’s this experience that’s applied directly to the tools beehiiv offers its customers.
Benjamin worked at Morning Brew as a senior software engineer. Tyler hired him while at Morning Brew, and Ben became the first full-time engineer working there.
Jacob was also at Morning Brew at the same time as the rest of the team, where he worked as a software engineer. He previously worked at the marketing-focused N2 Company as a developer using Ruby on Rails, which is one of the core technologies used in beehiiv’s newsletter stack.