Axios HQ
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | February 2021 |
| Founders | Roy Schwartz, Jim VandeHei, Mike Allen |
| Headquarters | Arlington, Virginia , United States |
Key people | Roy Schwartz (CEO) |
| Products | Internal communications software |
| Revenue | $10 million (2023) |
| Website | axioshq.com |
Axios HQ is an American enterprise software company. Its main product is a platform that allows its clients to use so-called "smart brevity," a bullet point-based journalism style developed by the founders of media company Axios, to distribute their own communications.[1]
History
[edit]Axios HQ was launched Roy Schwartz, Jim VandeHei and Mike Allen in February 2021 by media company Axios.[2] Axios HQ was spun out after the parent media company was sold to Cox Enterprises for approximately $525 million in 2022. [3][4]
Within eight months of its formation, Axios HQ had generated over $1 million in revenue from its software licensing business, which formats organizations' communications into Axios-style "smart brevity" bullet points.[5]
By 2023, Axios HQ had surpassed $10 million in annual recurring revenue and had expanded its offerings to include integrations with platforms like Slack and Microsoft Teams.[6] This growth was supported by a $20 million Series A funding round completed in March 2023, co-led by Glade Brook Capital Partners and Greycroft Partners.[7]
Products
[edit]The Axios HQ platform provides "smart brevity" training and editorial services, AI-powered newsletter creation and distribution software, and analytics.[citation needed]
References
[edit]- ^ "Arlington's Axios HQ says internal comms for many U.S. companies is in dire straits | ARLnow.com". www.arlnow.com. 2024-03-11. Retrieved 2025-01-12.
- ^ Mullin, Benjamin (January 14, 2021). "Axios Wants to Help Companies Write Like Its Reporters—for $10,000 a Year, or More". Wall Street Journal. Retrieved 14 January 2025.
- ^ Farhi, Paul (August 8, 2022). "Axios, valued at $525 million, to be sold to Cox Enterprises in major media deal". The Washington Post.
- ^ Robertson, Katie (2022-03-07). "Axios Wants Us to Read Everything in Bullet Points". The New York Times. ISSN 0362-4331. Retrieved 2025-01-12.
- ^ "Axios has made $1M in revenue from its eight-month-old software licensing business". Digiday. 14 October 2021. Retrieved 2024-09-28.
- ^ "Axios HQ Exceeds $10M ARR, Hires First CMO, Launches Slack and Teams Integrations". Business Wire. Retrieved 2024-09-28.
- ^ Bruell, Alexandra (2023-03-24). "WSJ News Exclusive | Axios's Software Business Raises Cash to Fund AI Expansion". Wall Street Journal. ISSN 0099-9660. Retrieved 2025-01-12.