Axios HQ

Last updated
Axios HQ
Company typePrivate
IndustrySoftware
FoundedFebruary 2021
FoundersRoy 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]

Contents

History

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

The Axios HQ platform provides "smart brevity" training and editorial services, AI-powered newsletter creation and distribution software, and analytics.[ citation needed ]

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References

  1. "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.
  2. 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.
  3. Farhi, Paul (August 8, 2022). "Axios, valued at $525 million, to be sold to Cox Enterprises in major media deal". The Washington Post.
  4. 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.
  5. "Axios has made $1M in revenue from its eight-month-old software licensing business". Digiday. 14 October 2021. Retrieved 2024-09-28.
  6. "Axios HQ Exceeds $10M ARR, Hires First CMO, Launches Slack and Teams Integrations". Business Wire. Retrieved 2024-09-28.
  7. 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.