AvidXchange Stock
Invoice Management Solutions
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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
Bain Capital Ventures
Jet, BlockFi, AvidXchange, Acorns, DocuSign, Attentive, Sysdig, Rubrik, Roofstock, 6sense
Caisse de Depot et Placement du Quebec
PharmEasy, Bird, AvidXchange, AppDirect, Druva, Hopper, Onapsis
Fifth Third Capital
Founders Fund
Lyft, Spotify, Airbnb, Stripe, Anduril Industries, Flexport, Palantir Technologies, Wish, Compass, Zenefits
Keybank
MasterCard
AvidXchange, ConsenSys, Razorpay, Marqeta, Flutterwave, Airwallex, YapStone, Ellevest, AppZen
Pivot Investment Partners
Square 1 Bank
AvidXchange, Optoro, ScienceLogic, Skillz, ShopKeep, DialogTech
Temasek Holdings
PharmEasy, Tokopedia, Ola, Magic Leap, DoorDash, Impossible Foods, Wish, Snyk, AvidXchange, SambaNova Systems
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
PR Newswire - Mar, 28 2020
AvidXchange launches virtual learning hub to support customer successPR Newswire - Mar, 27 2020
AvidXchange introduces REVx at Your Desk virtual event series, providing middle market companies tools and insights to operate more efficiently in today's environmentPR Newswire - Jan, 17 2020
AvidXchange raises $260 million to support continued growththepaypers - May, 17 2019
AvidXchange teams with Vantaca to deliver AP Automationprnewswire - May, 16 2019
AvidXchange Unveils New Study on Future of B2B Fintechprnewswire - May, 15 2019
AvidXchange Delivers Accounts Payable Automation with AvidXchange Strongroom for more than 500 Community Management Companies and 50,000 Home Owner Associationsprnewswire - May, 15 2019
AvidPay Network Hits Half Million Supplier Mark, Acts as Catalyst for Shift to Electronic PaymentsEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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