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AvidXchange

AvidXchange
2000 FOUNDED
PRIVATE STATUS
1K-5K EMPLOYEES
Later Stage VC LATEST DEAL TYPE
$150M LATEST DEAL AMOUNT
20 INVESTORS
Description

Provider of automating invoice and payment processes platform designed to provide accounts payable and on-demand invoice management services. The company's platform helps to accelerate approvals, reduce processing costs and virtually eliminate paper with more transparency into and control over spending, enabling companies to automate manual tasks and spend time doing more valuable tasks.

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

+1 (800) 000-0000
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AvidXchange Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
20. Later Stage VC 14-Oct-2019 $150M 00000 000 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 00000 Completed Generating Revenue
14. Later Stage VC (Series E) 14-Sep-2015 00000 00000 00000 Completed Generating Revenue
13. Debt - General 29-Jan-2015 000.00 Completed Generating Revenue
12. Later Stage VC (Series 1) 14-Nov-2014 $4.5M $26.3M 00000 Completed Generating Revenue
11. Grant 01-Sep-2014 $7.5M $21.8M Completed Generating Revenue
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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%
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AvidXchange Competitors (38)

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
000000 Venture Capital-Backed San Francisco, CA 0000 00.000 00000000000 00.000
0000000 Venture Capital-Backed San Mateo, CA 000 00000 00000000000 00000
000000000 0000000 Corporate Backed or Acquired Des Plaines, IL 000 000000&0
0000000 Venture Capital-Backed Oakland, CA 000 00000 00000000000 00000
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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
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AvidXchange Subsidiaries (3)

Company Name Industry Location Founded
Strongroom Solutions Automation/Workflow Software Houston, TX 2011
0000000 0000000 Business/Productivity Software Columbus, MS 0000
000000 Financial Software Pembroke, MA 0000
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AvidXchange Investors (20)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Caisse de dépôt et placement du Québec PE/Buyout Minority 000 0000 000000 0
MasterCard Corporation Minority 000 0000 000000 0
Peter Thiel Angel (individual) Minority 000 0000 000000 0
Temasek Holdings Sovereign Wealth Fund Minority 000 0000 000000 0
Fifth Third Bank Lender/Debt Provider Minority 000 0000 000000 0
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AvidXchange Executive Team (28)

Name Title Board
Seat
Contact
Info
Michael Praeger Co-Founder, Board Member & Chief Executive Officer
Joel Wilhite Chief Financial Officer
Steve Boehm Chief Operating Officer
Chris Tinsley Chief Technology Officer
Angelic Gibson Chief Information Officer

10 Former Executives

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AvidXchange Board Members (15)

Name Representing Role Since Contact
Info
Bradley Feld Foundry Group Board Member 000 0000
Colleen Taylor MasterCard 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

4 Former Board Members

You’re viewing 5 of 15 board members. Get the full list »