Axios said it would talk about new products 'in the coming months,' but it faces questions about how a paid product would compete in a crowded market.
is bulking up with key tech hires to help it expand to new offerings, including subscriptions.
Axios was launched in 2017 by Jim VandeHei, Roy Schwartz, and Mike Allen, who sought to take the rapid-fire reporting model they built atfor Beltway professionals and apply it to serve busy professionals with succinct newsletters, designed for mobile devices. They started it with $10 million in funding led by Lerer Hippeau Ventures, along with NBC News, Emerson Collective, Greycroft Partners, and the Atlantic Media owners David and Katherine Bradley.
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