Your Source for Venture Capital and Private Equity Financings

VC-funded Company:

AvidXchange
1111 Metropolitan Avenue, Suite 650
Charlotte, NC 28204
Phone: 800-560-9305

AvidXchange revolutionizes the way companies pay their bills. Serving more than 5,200 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Financial Services, Energy, and Construction. AvidXchange has been recognized as one of the 50 fastest-growing private companies in the Charlotte area for four consecutive years, ranked among Deloitte's Fast 500 this past year, and recently was named of the top 100 technology companies in North America by Red Herring.

Key Contact
Name
Michael Praeger
Title
Co-Founder and CEO
E-Mail
Funding Events

Date
Amount
Type
Investors
Valuation
09/15/15 $225,000,000 Minority Growth Foundry Group
KeyBank
Nyca Partners
TPG Special Situations Partners
undisclosed
11/29/16 $18,000,000 Venture Fifth Third Capital
Pivot Investment Partners
undisclosed
01/21/20 $260,000,000 Venture TPG Sixth Street Partners
undisclosed
04/23/20 $128,000,000 Venture Lone Pine
MasterCard
Neuberger Berman
Pivot Investment Partners
Schonfeld Group Holdings
Sixth Street Partners
undisclosed