What is AvidXchange?
Headquartered in Charlotte, North Carolina, AvidXchange provides a sophisticated software-as-a-service platform designed to digitize and automate complex accounts payable workflows. By streamlining the payment process for over 8,800 businesses and facilitating transactions for nearly one million suppliers, the company has established itself as a critical component of modern financial infrastructure. Its platform effectively bridges the gap between traditional manual accounting and digital efficiency, positioning the firm as a leader in the B2B payments landscape.
How much funding has AvidXchange raised?
AvidXchange has raised a total of $1.8B across 16 funding rounds:
Private Equity
$10M
Private Equity
$129.5M
Private Equity
$225M
Multiple Rounds
$28M
Private Equity
$300M
Private Equity
$2.5M
Series F
$260M
Other Financing Round
$127M
Stock Offering
$660M
Debt
$65M
Private Equity (2014): $10M backed by Boathouse Capital
Private Equity (2015): $129.5M with participation from Bain Capital Ventures and Foundry Group
Private Equity (2015): $225M led by KeyBank, Foundry Group, Nyca Partners, Bain Capital Ventures, and Square 1 Bank
Private Equity (2016): $10M, investors not publicly disclosed
Private Equity (2016): $3.5M, investors not publicly disclosed
Series E (2016): $14.5M backed by Fifth Third Bank and Pivot Investment Partners
Private Equity (2017): $300M with participation from Caisse de du00e9pu00f4t et placement du Quu00e9bec, Temasek, and Mastercard
Private Equity (2017): $2.5M, investors not publicly disclosed
Series F (2020): $260M supported by Sixth Street Partners
Other Financing Round (2020): $127M, investors not publicly disclosed
Stock Issuance/Offering (2021): $660M, investors not publicly disclosed
Debt (2023): $65M with participation from KeyBank National
Key Investors in AvidXchange
Bain Capital Ventures
A global private investment firm with deep expertise in growth and venture capital, providing strategic support to companies scaling their operations.
Foundry Group
A venture capital firm specializing in early-stage information technology and software startups, known for leveraging industry networks to foster company growth.
Nyca Partners
A fintech-focused venture capital firm that provides hands-on support and deep industry expertise to companies across the payments and financial infrastructure sectors.
What's next for AvidXchange?
Following its recent capital infusion, AvidXchange is well-positioned to accelerate its product development and expand its footprint within the competitive fintech ecosystem. The company's strategic focus remains on enhancing its payment rail capabilities and deepening its integration with existing enterprise resource planning systems. By leveraging its strong backing from institutional investors and its proven track record in the middle-market segment, AvidXchange is poised to further disrupt legacy payment processes and drive long-term value for its stakeholders.
See full AvidXchange company page
