AvidXchange Overview

  • Founded
  • 2000
Founded
  • Status
  • Private
  • Employees
  • 1,500
Employees
  • Latest Deal Type
  • Later Stage VC
  • Latest Deal Amount
  • $66M
Latest Deal Amount
  • Investors
  • 30

AvidXchange General Information

Description

Developer of an automated invoice and payment processing platform designed to offer accounts payable and on-demand invoice management services. The company's platform helps accelerate approvals, reduce processing costs and virtually eliminate paper with more transparency into and control over spending, enabling companies to automate manual tasks and focus on core strengths.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Other Financial Services
Automation/Workflow Software
Primary Office
  • 1210 AvidXchange Lane
  • Charlotte, NC 28206
  • United States
+1 (800) 000-0000

AvidXchange Timeline

2017201820192020
Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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AvidXchange Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
23. Later Stage VC 17-Sep-2020 $66M 00.000 Completed Generating Revenue
22. Later Stage VC 13-Aug-2020 00000 00.000 Completed Generating Revenue
21. Later Stage VC (Series F) 17-Jan-2020 00000 00000 Completed Generating Revenue
20. Mezzanine 01-Oct-2019 000.00 00000 Completed Generating Revenue
19. Later Stage VC 27-Nov-2017 00.00 00000 Completed Generating Revenue
18. Later Stage VC (Series F) 08-Jun-2017 00000 00000 00.000 Completed Generating Revenue
17. Debt - General 27-Feb-2017 00000 Completed Generating Revenue
16. Later Stage VC (Series E) 01-Nov-2016 0000 00000 Completed Generating Revenue
15. Debt - General 09-Sep-2016 $261M Completed Generating Revenue
14. Later Stage VC (Series E) 14-Sep-2015 $235M $261M 00000 Completed Generating Revenue
To view AvidXchange’s complete valuation and funding history, request access »

AvidXchange Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series F 00,000,000 00.000000 000.00 000.00 00 000.00 00.000
Series E 0,000,000 00.000000 000.00 000.00 00 000.00 00.000
Series 1 000,000 00.000000 000.00 000.00 00 000.00 0.000
Series D 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
Series C 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
Series B 5,000,000 $0.001000 $0.52 $0.52 1x $0.52 10.47%
Series A 2,000,000 $0.001000 $2 $2 1x $1.19 7.04%
To view AvidXchange’s complete cap table history, request access »

AvidXchange Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of an automated invoice and payment processing platform designed to offer accounts payable and on-demand invoi
Financial Software
Charlotte, NC
1,500 As of 2020
00.000
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000000000 00000000
New York, NY
000.00
000 0000-00-00
000000&0 000.00

0000000

voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non
000000000 00000000
San Mateo, CA
000 As of 0000
00000
00 0000-00-00
00000000000 00000
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AvidXchange Competitors (40)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Transactis Formerly VC-backed New York, NY 000.00 000000&0 000.00
0000000 Venture Capital-Backed San Mateo, CA 000 00000 00000000000 00000
00000000000 Private Equity-Backed Phoenix, AZ 000 000000000
0000000 Venture Capital-Backed Oakland, CA 000 00000 000000000000 00000
00000000000 Venture Capital-Backed Cambridge, MA 000 00000 00000000000 00000
You’re viewing 5 of 40 competitors. Get the full list »

AvidXchange Executive Team (28)

Name Title Board Seat Contact Info
Michael Praeger Co-Founder, Chief Executive Officer & Chairman
Joel Wilhite Chief Financial Officer
Chris Tinsley Chief Technology Officer
Angelic Gibson Chief Information Officer
Christina Quaine Chief Information Security Officer
You’re viewing 5 of 28 executive team members. Get the full list »

AvidXchange Board Members (16)

Name Representing Role Since
Bradley Feld Foundry Group Board Member 000 0000
James Anderson Self Board Member 000 0000
James Hausman Self Board Member 000 0000
John Morris Nyca Partners Board Member 000 0000
Matthew Harris Bain Capital Ventures Board Member 000 0000
You’re viewing 5 of 16 board members. Get the full list »

AvidXchange Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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AvidXchange Investors (30)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Sapphire Ventures Venture Capital Minority 000 0000 000000 0
Alpha Square Group Family Office Minority 000 0000 000000 0
LaurelCrest Partners PE/Buyout Minority 000 0000 000000 0
Lone Pine Capital Hedge Fund Minority 000 0000 000000 0
Neuberger Berman Asset Manager Minority 000 0000 000000 0
You’re viewing 5 of 30 investors. Get the full list »

AvidXchange Acquisitions (4)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000000 0000000 27-Aug-2019 000000000000000000 Business/Productivity Software 0000000 0000000
000000 20-Nov-2017 000000000000000000 Financial Software 0000000 0000000
0000000000 0000000 19-May-2015 000000000000000000 Automation/Workflow Software 0000000 0000000
Piracle 20-Nov-2014 Merger/Acquisition Other Commercial Services 0000000 0000000
To view AvidXchange’s complete acquisitions history, request access »

AvidXchange Subsidiaries (2)

Company Name Industry Location Founded
BankTEL Systems Business/Productivity Software Columbus, MS 1992
000000 Financial Software Pembroke, MA 0000
To view AvidXchange’s complete subsidiaries history, request access »