With billions using email globally, newsletters remain a valuable medium for reaching audiences. In response to this growing popularity, beehiiv, a startup providing a platform for creating and distributing newsletters, has secured $33 million in funding from NEA, Sapphire Sport, and Lightspeed Venture Partners. This investment will enable beehiiv to expand its operations, enhance its platform’s technical capabilities, acquire more marketing resources, and sign deals with larger publishers. The startup currently facilitates over 1 billion emails monthly from around 20,000 active newsletters, including those from individual writers, brands like Arnold Schwarzenegger, and notable organizations such as Boston Globe Media and Brex. beehiiv also operates an advertising network that allows advertisers to connect with specific niche audiences, offering publishers revenue opportunities similar to Netflix’s sponsorship model. As the newsletter market becomes increasingly competitive, beehiiv plans to differentiate itself by simplifying customer migration to its platform, enabling integration with external tools, and tailoring to consumer preferences amidst the challenges faced by publishers in the digital landscape.