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AvidXchange

Description

Provider of automating invoice and payment processes platform designed to provide accounts payable and on-demand invoice management services. The company's platform automates invoice and payment processes serving mid-market companies spanning multiple industries including Real Estate, Financial Services, Energy and Construction throughout North America.

2000

Founded

PRIVATE

Status

501-1K

Employees

Series F

Latest Deal Type

$300M

Latest Deal Amount

$589M

Total Amount Raised

Description

Provider of automating invoice and payment processes platform designed to provide accounts payable and on-demand invoice management services. The company's platform automates invoice and payment processes serving mid-market companies spanning multiple industries including Real Estate, Financial Services, Energy and Construction throughout North America.

Website:

www.avidxchange.com

Ownership Status

Privately Held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Financial Software

Other Industries

Business/Productivity Software

Primary Office

1111 Metropolitan Avenue Suite 650 Charlotte, NC 28204United States +1 (800) 560-9305
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AvidXchange Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

AvidXchange Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

AvidXchange Investors (20)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Bain Capital VenturesVenture CapitalMinority000 0000000 0000
Caisse de dépôt et placement du QuébecPE/BuyoutMinority000 0000000 0000
Charlotte Angel PartnersAngel GroupMinority000 0000000 0000
CTC CommunicationsCorporationMinority000 0000000 0000
Fifth Third BankLender/Debt ProviderMinority000 0000000 0000
Bain Capital Ventures Venture Capital
Caisse de dépôt et placement du Québec PE/Buyout
Charlotte Angel Partners Angel Group
CTC Communications Corporation
Fifth Third Bank Lender/Debt Provider

AvidXchange Executive Team (14)

NameTitleBoard
Seat
Contact
Info
Michael PraegerCo-Founder, Board Member & Chief Executive Officer
Joel WilhiteChief Financial Officer
Steve BoehmChief Operating Officer
Chris TinsleyChief Technology Officer & Co-Founder
Paul CavnaughChief Information Officer
Michael Praeger Co-Founder, Board Member & Chief Executive Officer
Joel Wilhite Chief Financial Officer
Steve Boehm Chief Operating Officer
Chris Tinsley Chief Technology Officer & Co-Founder
Paul Cavnaugh Chief Information Officer

AvidXchange Board Members (10)

NameRepresentingRoleSinceContact
Info
Bradley FeldFoundry GroupCo-Founder & Managing Director000 0000
David MillerSelfCo-Founder & Board Member000 0000
Dwight SawinSelfBoard Member000 0000
Hans ZandhuisSelfBoard Member000 0000
James HausmanSelfBoard Member000 0000
Bradley Feld Co-Founder & Managing Director Foundry Group
David Miller Co-Founder & Board Member Self
Dwight Sawin Board Member Self
Hans Zandhuis Board Member Self
James Hausman Board Member Self
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