Axios: Exclusive: Graydon Carter’s Air Mail raises $17 million

Axios’ Sara Fischer, author of the Media Trends newsletter, reports on Air Mail‘s $17 million funding round led by Standard Investments:

“The money will be used to fuel Air Mail’s expansion into new editorial verticals and product lines, including podcasts and a book imprint.

“The round was led by Standard Investments with participation from existing investor TPG Growth and RedBird Capital Partners, a new investor.

“Standard Investments will have two seats on Air Mail’s board, including one occupied by Standard Industries co-CEO David Winter. As a part of the deal, RedBird will have an observer role on board. …”

Read the full article here.