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Axios HQ

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Axios HQ
Company typePrivate
IndustrySoftware
FoundedFebruary 2021
FoundersRoy Schwartz, Jim VandeHei, Mike Allen
HeadquartersArlington, Virginia, United States
Key peopleRoy Schwartz (CEO)
ProductsAI-powered internal communications software
Revenue$10 million (2023)
Websiteaxioshq.com

Axios HQ is an American company that specializes in AI-powered internal communications software. It focuses on enhancing organizational communication through its Smart Brevity approach, which emphasizes clarity and conciseness in messaging.

History

Axios HQ was launched in February 2021 as a spin-off from Axios after the media company was sold to Cox Enterprises for approximately $525 million in 2022. It was founded by key figures from Axios, including Roy Schwartz, Jim VandeHei, and Mike Allen.

It generated over $1 million in revenue from its software licensing business, which provides tools for organizations to communicate effectively using the Smart Brevity style within 8 months of foundation.

By 2023, It had surpassed $10 million in annual recurring revenue (ARR) and had expanded its offerings to include integrations with platforms like Slack and Microsoft Teams. 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.

Products

The platform provides various tools, including:

  • Smart Brevity training and editorial services
  • AI-powered newsletter creation & distribution software
  • Analytics features that track engagement metrics such as open rates.

References

  1. "Axios HQ Raises $20 Million Series A Co-led by Glade Brook and Greycroft". CityBiz. Retrieved 2024-09-28.
  2. "Axios HQ Raises $20M Series A Funding". Finsmes. Retrieved 2024-09-28.
  3. "Axios has made $1M in revenue from its eight-month-old software licensing business". Digiday. Retrieved 2024-09-28.
  4. "Axios HQ Appoints Jordan Zaslav as COO". CityBiz. Retrieved 2024-09-28.
  5. "Axios HQ Exceeds $10M ARR, Hires First CMO, Launches Slack and Teams Integrations". Business Wire. Retrieved 2024-09-28.
  6. "Axios HQ Raises $20 Million Series A Co-led by Glade Brook and Greycroft". CityBiz. Retrieved 2024-09-28.
  7. "Axios HQ Raises $20M Series A Funding". Finsmes. Retrieved 2024-09-28.
  8. "Axios has made $1M in revenue from its eight-month-old software licensing business". Digiday. Retrieved 2024-09-28.