Beehiiv

Beehiiv is a newsletter platform that streamlines the ability to create, customize, scale, and monetize email newsletters for creators and organizations. Among its founders is Tyler Denk, a former product manager at Google and was founded by the same team that built the popular newsletter-based media company, Morning Brew. 

Beehiiv platform features include 1) the ability to create custom newsletters, 2) creation of custom domains which are SEO optimized,  maximizing their visibility and reach, 3) Spam and Bot protection that ensures that emails reach recipients' inboxes and avoid being flagged as spam 4) Paywalling and billing which ensures that premium content is behind a paywall, 5) a user dashboard with campaign and subscriber analytics which provide valuable insights into the performance of email campaigns, allowing users to track open rates, click-through rates, and other key metrics to optimize their strategies, 6) ability to include audience polls within newsletters and 7) the ability for users to include a referral program into their newsletters, among many other features. Beehiiv also offers API integrations with tools including Shopify, Wix, Google Drive, Notion, and Facebook.

The company operates a freemium and subscription-based model with a free tier for newsletters with under 5,000 subscribers and paid subscription plans ranging from USD 42 to USD 84 per month. 

Key customers and partners

Noteworthy clients of Beehiiv include the Boston Globe and creators such as Miss Excel (creator of courses teaching Microsoft Excel).

Beehiiv features 7,500 active newsletters (June 2023), with an audience of 35 million distinct readers and generates 350 million monthly impressions. 

Funding and financials

Beehiiv’s most recent funding was in June 2023 when it raised USD 12.5 million in a Series A funding round led by Lightspeed Venture Partners, accompanied by Creator Ventures, Contrarian Thinking Capital, Blue Wire Capital, and Social Leverage. Beehiiv intends to use the funding to increase its workforce, expand advertising efforts, and diversify its service offerings beyond newsletters.

Beehiiv has a USD 4 million run rate, with an annual recurring revenue (ARR) of USD 3 million (June 2023).