Contrarian Thinking - Portfolio news: Our latest investment…

In case you missed it: beehiiv, a CT Capital portfolio company, recently announced a $33M Series B, led by NEA with participation from Lightspeed.

What to know about beehiiv:

The company provides a comprehensive platform for building custom emails to enhance audience engagement, growth, and monetization.

We believe beehiiv will increasingly become an essential tool for small businesses. We're thrilled to have invested in beehiiv's Seed in 2022 and Series A in 2023.

Today, beehiiv has a team of 65 across 8 countries and now hosts 20,000 active newsletters.

1 cool thing: As part of the funding round, beehiiv reserved room for $1M in allocations from individual users and fans — an opportunity that was rapidly oversubscribed.

Take a look at this impressive growth and projection data from the company:

A message from beehiiv CEO, Tyler Denk

The following is an excerpt from Tyler's newsletter, Big Desk Energy.

...Something changed for us in Q1.

I think collectively our mindset shifted…

• from: “can we compete in this hyper-competitive market?”
  
  
• to: “can we OWN this market and also define new categories?”

And now, with over $40M in the bank and the company really beginning to hit its stride — it’s time to turn on the jets. 

For users that means…

• More quality features that continue to deliver value.
  
  
• Increased reliability to ensure the platform is always running smoothly.
  
  
• Faster premium support available to everyone.
  
  
• Continuing to push the boundaries of what’s possible with email.

Today, I think beehiiv is the most robust, user-friendly, and affordable platform in the industry.

But I also don’t think we have realized even a fraction of its full potential.

Continue reading here...

Learn more:

• View interesting company details here
  
  
• Read about the funding news in Tyler's newsletter
  
  
• Read about the funding news in TechCrunch
  
  
• View careers at beehiiv

Interested in investing through our fund?

If you have questions about investing with Contrarian Thinking Capital, the risks involved, or any of the resources below, please do not hesitate to reach out.

To invest in the fund, click here:

Here are resources for you to consider:

• Fund one-pager
• Additional information
• Recording of live Q&A investor call (reply to this email to inquire)

Till next time,

The Contrarian Thinking Capital team