Axios Raises $20M in Second Funding Round

Axios, a NYC- and Washington DC-based media startup, raised $20m in its second funding round.

Backers included, Greycroft Partners, Lerer Hippeau Ventures, WndrCo, NBCUniversal, Emerson Collective and Greg Penner.

The company intends to use the funds to continue to expand its data analysis capacity, develop new products, enter new coverage areas and grow the audience.

Co-founded by Jim VandeHei, Roy Schwartz and Mike Allen, Axios is a new media company delivering news and analysis covering media trends, tech, business and politics.
The company currently has a staff of 89 people and plans to almost double this number within 2018.



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