Lets writers connect with their audience on their own terms and earn money doing it.
You can scroll over the chart's area to move in time and tap to see a specific date.
Highest Bid
$ 260.80
Lowest Offer
$ 188.50
Last Trade
$ 234.00
Live Orders
1,298
Buy
Sign up to view historical trading trends and place an offer.
Sell
Understand share pricing, list anonymously, and benefit from transparent fees.
Overview
Substack lets writers connect with their audience on their own terms and earn money doing it. They make it simple for writers to publish to an email list that they own, get discovered on the web, and charge for subscriptions.
Substack Funding
Sign up to gain insights into Substack funding history, including the funding round, time period, and amount raised.
| Financing Round | Date | Amount | Price per share | Valuation |
|---|---|---|---|---|
| Round | Date | Amount | PPS | Valuation |
| Series C | Jul 17, 2025 | 100M | ||
| Series B | Apr 28, 2021 | 65M | ||
| Series A-4 | Jul 08, 2019 | 825K | ||
| Series A-5 | Jul 08, 2019 | 50K | ||
| Series A-2 | Jul 08, 2019 | 1M | ||
| Series A-1 | Jul 08, 2019 | 15M | ||
| Series A-6 | Jul 08, 2019 | 71K | ||
| Series A-3 | Jul 08, 2019 | 250K |
Access the PPS, Valuation details, and a wealth of other data by signing up. Source: Nasdaq Private Market
Buy
Sign up to view historical trading trends and place an offer.
Sell
Understand share pricing, list anonymously, and benefit from transparent fees.
Substack Management Team
Investors
Andreessen Horowitz
BOND
Fifty Years
Jens Grede
Rich Paul
The Chernin Group
Y Combinator
Substack Valuations & Financials
View real-time NPM data on Substack stock including daily Substack stock price estimates, valuation history, and historical share price information. Access Substack financing rounds, secondary trade levels, cap table data, and private company comparable transactions. Use NPM's private company valuation database to track Substack pricing across six independent market signals. Looking for private company due diligence data sources on Substack? Get in touch to learn more.
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FAQ
We have answers
Substack stock does not trade on public stock exchanges. Substack stock is considered a private security and you need to be an accredited investor to trade shares. To invest in Substack stock you can either buy shares directly through the company or work with a secondary trading marketplace like Nasdaq Private Market.
Learn more about the secondary market for private company shares on the investors page.
Substack Stock does not trade on public stock exchanges. In order to sell Substack shares you need to work directly with the company or with a secondary trading marketplace like Nasdaq Private Market. NPM has more than a decade of experience helping sell shares on the private market to our network of institutional investors.
Learn more about NPM services for selling privately held stock on the Employee Shareholders page.
Read more about how to sell private company stock on the private secondary market:
Nasdaq Private Market estimates that Substack price per share was $45.83 as of October 16, 2026. This Substack share value estimate (known as the NPM price) is based on market activity, publicly-sourced valuation data, and other proprietary information. With NPM Data and Intelligence premium for investors, you can get visibility into the Substack share price today and the factors driving Substack valuation estimates. Learn more about premium data here.
Read more about private company stock prices: Understanding the Bid-Ask Spread: How Buyers and Sellers Match on Price
There is no ticker symbol for Substack stock because it is a private company. Private companies do not have ticker symbols like public companies, they are identified primarily by using the company ‘street’ name or legal name.
Nasdaq Private Market currently works with employees, ex-employees, and other company investors. In order to sell Substack stock you need to receive the company’s approval, which Nasdaq Private Market manages on your behalf.
Learn more about selling privately held stock on the Employee Shareholders page.
Read more about how to sell shares of a private company and eligibility for selling privately held stock:
Currently, Nasdaq Private Market only works with accredited entities and institutional investors to purchase private company stock. In order to invest in Substack stock, you need to be an accredited entity or institutional investor.
Learn more about the Nasdaq Private Market tool kit for investors on the Investor Trading page.
Once you buy or sell, stock share ownership must transfer before funds are wired. With Nasdaq Private Market, clients leverage our patent-pending Transfer and Settlement technology which streamlines and manages transfer activity from match to settlement.
To learn more about private company stock Transfer and Settlement, check out the Transfer and Settlement page.
Substack is a private company and has not had an IPO. There is currently no Substack IPO price. Get started to begin exploring the Nasdaq Private Market Data and Intelligence database and gain access to actionable data related to Substack IPO.
Learn more about Data and Intelligence private company stock data for institutional investors on the on the NPM Data and Intelligence Product Page.
