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AvidXchange was founded in 2000 by Michael Praeger. The company has not officially endorsed a plan to participate in an IPO.
AvidXchange is a SaaS company specializing in automating invoice and payment processes for mid-market businesses. The company has raised over $900 million in Venture Capital funding from investors including Alpha Square Group, Lone Pine Capital, Haymaker Capital, Thiel Capital, Pivot Investment Partners, Bain Capital Ventures, Nyca Partners, QED Investors, and TPG Capital. Per company press releases, AvidXchange last raised an expansion of Series F in April 2020 bringing the round total to $388 million at an undisclosed post-money valuation.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 1/17/2020 | Series Senior Preferred | $130MM raised | $XXX.XX | $XXX.XX |
| 7/1/2017 | Series F | $430MM raised | $XXX.XX | $XXX.XX |
| 10/1/2016 | Series E | $176.01MM raised | $XXX.XX | $XXX.XX |
| 11/14/2014 | Series 1 | $4.81MM raised | $XXX.XX | $XXX.XX |
| 5/13/2014 | Series D | $10.23MM raised | $XXX.XX | $XXX.XX |
| 10/19/2010 | Series C | $4.52MM raised | $XXX.XX | $XXX.XX |
| 4/4/2003 | Series B | $2.61MM raised | $XXX.XX | $XXX.XX |
| 5/10/2002 | Series A | $1MM raised | $XXX.XX | $XXX.XX |
