# Substack Inc. — Form C-U (Regulation Crowdfunding)

Substack Inc. of San Francisco, CA filed a Form C-U (Regulation Crowdfunding) with the SEC on 2023-05-18. Target raise $50K, up to $5.0M. Offered through Wefunder Portal LLC.

## Offering

- Filed: 2023-05-18
- Form: C-U
- Accession: 0001670254-23-000567
- Target amount: $50K
- Maximum amount: $5.0M
- Security type: Preferred Stock
- Securities offered: 1,903
- Price: $26.2871
- Deadline: 2023-04-28
- Funding portal / intermediary: Wefunder Portal LLC
- Intermediary file number: 007-00033
- Intermediary CRD: 283503

## Issuer

- CIK: 0001783191
- Website: https://substack.com/
- Legal status: Corporation
- Organized in: DE
- Incorporated: 2017-11-28
- Address: 111 Sutter St 7th Floor, San Francisco, CA, 94104
- Employees: 76

## Financials (as filed)

- Total assets (most recent): $62.7M
- Cash (most recent): $55.4M
- Revenue (most recent): $-5.2M
- Revenue (prior): $1.5M
- Net income (most recent): $-22.9M
- Net income (prior): $-2.3M
- Short-term debt: $6.6M

## People (2)

| Name | Role | Location |
| --- | --- | --- |
| Hamish McKenzie | Chief Writing Officer | San Francisco, CA |
| Chris Best | Co-founder and CEO | San Francisco, CA |

## Reg CF filing history (2)

| Filed | Form | Target | Max |
| --- | --- | --- | --- |
| [2023-04-06](https://search.stillhousedata.com/formc/0001670254-23-000297) | C | $50K | $5.0M |

## More

- [CIK 1783191 on SEC EDGAR (source of record)](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1783191&type=&dateb=&owner=include&count=40)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/formc/0001670254-23-000567.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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