Exclusive: Newsletter platform beehiiv launches multi-million dollar journalism fund

• Journalists that have recently joined the beehiiv platform include former CNN media reporter Oliver Darcy, Emmy-winning journalist Catherine Herridge and tech reporter Ryan Broderick.

Zoom in: The new fund will help beehiiv build the tools, resources, and operational support systems needed to help journalists scale their newsletter products on the platform, the company said.

• Journalists will receive a monthly health insurance stipend and will get access to beehiiv's network of insurance partners.
• They will also get access to pre-publish legal review support and up to $1 million in errors and omissions coverage, a type of professional liability insurance.
• The company will provide access to editorial software such as Perplexity Pro and Getty Images, as well as backend office software for things like accounting.
• Writers will get access to account managers and will receive business strategy support.

Zoom out: Launched in 2021, beehiiv has differentiated itself from other newsletter platforms by investing more heavily in ad tech.

• The company has raised $50 million in funding — most recently through a series B round led by NEA.

What's next: The company is currently accepting applications for more journalists to join the collective.