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2021 IPO

AvidXchange Stock

Invoice Management Solutions

Founded

2000

Notable Investors

MasterCard

Headquarters

Charlotte NC, US

Total Funding

$805M

About AvidXchange Stock

AvidXchange, Inc. provides accounts payable and on-demand invoice management solutions. It offers AvidInvoice, a Web-based paperless accounts payable solution for real estate companies in office, retail, multi-family, and industrial sectors. AvidXchange, Inc. was incorporated as AvidXchange.com, Inc. in 2000 and changed to its present name in July 2002. The company is headquartered in Charlotte, North Carolina.

Investors

Caisse de Depot et Placement du Quebec

PharmEasy, Bird, AvidXchange, AppDirect, Druva, Hopper, Onapsis

Fifth Third Capital

AvidXchange

Pivot Investment Partners

AvidXchange, Gusto, H2O.ai, Trōv

Funding History

October 2000$4.0M
February 2002$2.6M
September 2010$4.5M
April 2014$10.2M
November 2014$4.8M
July 2015$176M
June 2017$501M
October 2019$130M
October 2019$350M

Management

Co-Founder & Chief Executive Officer

Michael Praeger

Co-Founder & Chief Technology Officer

Chris Tinsley

Chief Financial Officer

Joel Wilhite

Chief Information Officer

Angelic Gibson

Chief Information Security Officer

Christina Quaine

Chief Growth Officer

Dan Drees

Press

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