Axios HQ, the communications software company that spun off of Axios last year, has raised $20 million in Series A funding at nearly a $100 million post-money valuation.
The company is majority-owned by the Axios founders. Cox Enterprises serves as a minority investor.
Glade Brook Capital Partners led the Series A round, and was joined by Greycroft. Both were investors in Axios Media. Axios' co-founder and president Roy Schwartz is the CEO of Axios HQ. Axios co-founder and CEO Jim VandeHei is chairman of the board.: Proceeds will be used to help HQ scale its suite of tools and services that it currently uses to service over 500 enterprise clients, which include brands like Sweetgreen and Edelman.: Axios HQ is leaning heavily into artificial intelligence tools to help its clients write clearer emails.
The software helps users automatically sharpen their writing with stronger wording suggests. It also offers suggestions for pictures, headlines and summaries that can be used to strengthen their communications, using AI.to grow public relations and communications tools. Some are using AI tools to help companies write press releases. Others are using AI to help communications departments understand which reporters to pitch.
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