Odaily Planet Daily News Content subscription payment platform Substack has recently completed a $100 million financing round, with a latest valuation reaching $1.1 billion. This round of financing was led by BOND and Chernin Group, with participation from Andreessen Horowitz, Klutch Sports Group founder Rich Paul, and Skims Body Inc. co-founder Jens Grede, among others. Substack was founded in 2017 and has received support from well-known investment institutions including Andreessen Horowitz (a16z), Y Combinator, and Fifty Years. Currently, the number of paid subscribers has surpassed 5 million, and it has expanded into content formats such as podcasts and videos. (Bloomberg)