Axios valued at $430m after new investment

 2 November 2021

Axios valued at $430m after new investment

By William Turvill

Digital news business Axios has said it now has a value of $430m following an investment from Cox Enterprises.

Axios, launched in January 2017 and best known for its suite of free specialist newsletters, expects to generate revenues of around $85m this year, up from approximately $60m in 2020. 

It was reported earlier this year that German publishing giant Axel Springer was in talks to acquire Axios. In August, Axel Springer announced a deal to buy Politico, a Washington rival of Axios.

Axios was also linked to a merger deal with the Athletic, but these talks were reported to have broken down in May.

The details of Cox Enterprises’ series D funding round were announced to staffers on Monday and reported by Axios today.

Source: Axios

Value: $430m

Country: US

Status: Official