![]() Axios logo | |
Type of site | News and opinion |
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Available in | English |
Owner | Axios Media Inc. |
Key people | Jim VandeHei (founder and CEO) Mike Allen (founder and executive editor) Roy Schwartz (founder and president) |
Website | www .axios .com |
Alexa rank |
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Commercial | Yes |
Registration | Optional |
Launched | 2017 |
Current status | Active |
Axios (stylized as AXIOS) is an American news and information website founded in 2016 by Politico co-founder Jim VandeHei, Politico's former Chief White House correspondent Mike Allen, and former Politico Chief Revenue Officer Roy Schwartz. The site's name, based on the term Greek: ἄξιος (áxios), "worthy", officially launched in 2017.[2]
In the summer of 2016, Axios secured $10 million in a round of financing led by Lerer Hippeau Ventures. Backers include NBC News, Emerson Collective, Greycroft Partners, and David and Katherine Bradley, owners of Atlantic Media.[2] Axios' initial launch partners are JP Morgan & Chase Co., PhRma, Boeing, BP, Bank of America, Koch Industries, S&P Global, United Health Group, Walmart, PepsiCo and Cooley LLP.[3] The NBC Universal partnership has featured Axios co-founder Mike Allen on its show Morning Joe.[4][5]
The company launched with a mission statement that consisted of, "Media is broken—and too often a scam." It planned to focus on "business, technology, politics, and media trends".[2] Furthermore, they disavowed the use of banner ads, pop-ups and clickbait titles, using native advertising instead. The article style was focused on brevity, clear structure and often features bullet points.[6]
In November 2017, Axios announced that it had raised $20 million to fund an increase in staff and expansion of operations.[7]