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Axios HQ

From Wikipedia, the free encyclopedia
Axios HQ
Company typePrivate
IndustrySoftware
FoundedFebruary 2021
FoundersRoy Schwartz, Jim VandeHei, Mike Allen
Headquarters
Arlington, Virginia
,
United States
Key people
Roy 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

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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.[1][2]

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.[3]

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.[4][5][6][7]

Products

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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.[8]

References

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  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.