What is AvidXchange?
Headquartered in Charlotte, North Carolina, AvidXchange provides comprehensive accounts payable (AP) automation software and payment solutions. The company's platform is engineered to streamline end-to-end AP workflows, effectively replacing manual, paper-based processes with digital efficiency. By serving over 8,800 businesses and facilitating payments to nearly one million suppliers, AvidXchange has established itself as a vital intermediary in the B2B payments ecosystem. Its SaaS-based model is specifically tailored to the needs of middle-market enterprises, offering scalability and integration capabilities that drive operational transparency and financial control.
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 Foundry Group and Bain Capital Ventures
Private Equity (2015): $225M led by Bain Capital Ventures, Foundry Group, KeyBank, Square 1 Bank, and Nyca Partners
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 leading global investment firm with deep expertise in growth and venture capital, focusing on creating lasting impact through strategic financial solutions.
Foundry Group
A venture capital firm specializing in early-stage information technology and software startups, known for leveraging industry relationships to scale high-potential companies.
Caisse de depot et placement du Quebec
A full-service institutional portfolio manager that oversees public and private pension and insurance funds, providing long-term capital for large-scale growth.
What's next for AvidXchange?
Looking ahead, AvidXchange is positioned to leverage its recent capital infusion to deepen its technological moat and expand its market reach. As the demand for automated financial infrastructure continues to accelerate, the company is likely to focus on enhancing its payment rail capabilities and integrating advanced analytics to provide greater value to its buyer and supplier networks. The strategic alignment with major financial institutions and global investment firms suggests a long-term focus on maintaining its leadership in the fintech space, potentially through further product innovation and strategic market penetration. The company remains a key entity to watch as it continues to digitize the B2B payment landscape.
See full AvidXchange company page
