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AvidXchange

Description

Provider of accounts payable and on-demand invoice management services. The company provides accounts payable management services to real estate, banking and healthcare industries. It works with vendors to electronically send and receive invoices.

2000

Founded

PRIVATE

Status

501-1K

Employees

Series E

Latest Deal Type

$28M

Latest Deal Amount

$289M

Total Amount Raised

Description

Provider of accounts payable and on-demand invoice management services. The company provides accounts payable management services to real estate, banking and healthcare industries. It works with vendors to electronically send and receive invoices.

Website:

www.avidxchange.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Business/Productivity Software

Other Industries

Financial Software

Primary Office

1111 Metropolitan Avenue Suite 650 Charlotte, NC 28204United States +1 (704) 971-8160
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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 (15)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Bain Capital VenturesVenture CapitalMinority000 0000000 0000
Charlotte Angel PartnersAngel GroupMinority000 0000000 0000
CTC CommunicationsCorporationMinority000 0000000 0000
Fifth Third BankLender/Debt ProviderMinority000 0000000 0000
Foundry GroupVenture CapitalMinority000 0000000 0000
Bain Capital Ventures Venture Capital
Charlotte Angel Partners Angel Group
CTC Communications Corporation
Fifth Third Bank Lender/Debt Provider
Foundry Group Venture Capital

AvidXchange Executive Team (12)

NameTitleBoard
Seat
Contact
Info
Michael PraegerCo-Founder, Board Member & Chief Executive Officer
Joel WilhiteChief Financial Officer
Karen BertauxChief Financial Officer
Chris TinsleyChief Technology Officer & Co-Founder
Ross Agre JDChief Legal Officer
Michael Praeger Co-Founder, Board Member & Chief Executive Officer
Joel Wilhite Chief Financial Officer
Karen Bertaux Chief Financial Officer
Chris Tinsley Chief Technology Officer & Co-Founder
Ross Agre JD Chief Legal Officer

AvidXchange Board Members (10)

NameRepresentingRoleSinceContact
Info
Bradley FeldSelfBoard Member000 0000
Bradley FeldFoundry GroupCo-Founder & Managing Director000 0000
David MillerSelfCo-Founder & Board Member000 0000
Dwight SawinSelfBoard Member000 0000
Hans ZandhuisSelfBoard Member000 0000
Bradley Feld Board Member Self
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
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