Most Investors Don’t Want to Touch Media Anymore. But Axios is Going to Raise Another $20 Million.

Posted Monday, December 16, 2019 7:51 am

Peter Kafka and Theodore Schleifer | Recode

A few years ago, investors were eager to throw money at digital media startups. Not anymore.

But there are some exceptions: Axios, the three-year-old publisher best known for its short, fast-paced reports about the Trump White House and the rest of Washington, is close to a deal that will add millions to its balance sheet.

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Most Investors Don’t Want to Touch Media Anymore. But Axios is Going to Raise Another $20 Million.

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