Arlington-based media company Axios closed a Series D funding round, valuing the company at $430 million, according to a newsletter published on Tuesday. The investment was led by Cox Enterprises Inc. for an undisclosed amount and will enable Axios to grow independently after ending sales talks with German publishing giant Axel Springer.
Axios is a digital media company dedicated to bringing accurate and efficient coverage of the biggest topics shaping our world. The company is particularly focused on combating misinformation in the digital age. It vows to never use AI to write articles nor have an opinions section, according to the company’s bill of rights.
Users can sign up for newsletters on various topics from tech and startups to politics and local news coverage. Axios also publishes its content on its website and hosts numerous live panel discussions with industry experts and award-winning journalists.
While Axios is primarily a media company, it is actively hiring for several tech roles. The company is currently hiring development and engineering roles as well a number of marketing, content and data analyst positions.
According to Axios, the company will bring in roughly $85 million in revenue by year’s end. It isn’t the only D.C. area media company experience growth, either. Just last month, Axel Springer announced its acquisition of political news publication Politico, and earlier this year The Hill was sold to Nextstar Media Group for $130 million.
