AvidXchange Lands $225,000,000 New Financing Round

  • Feed Type
  • Date
    9/15/2015
  • Company Name
    AvidXchange
  • Mailing Address
    1111 Metropolitan Avenue Charlotte, NC 28204 USA
  • Company Description
    AvidXchange is the leader in on-demand invoice management services. More customers trust their accounts payable data to AvidXchange than to any other company in the world.
  • Website
    http://www.avidxchange.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $225,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    AvidXchange intends to invest a significant amount of the funding to hire staff to support its rapid client growth, make select strategic acquisitions, and develop new product technologies to further serve its clients.
  • M&A Terms
  • Venture Investor
    Bain Capital Ventures
  • Venture Investor
    Foundry Group
  • Venture Investor
    Nyca Partners
  • Venture Investor
    Square 1 Bank
  • Venture Investor
    TPG Capital

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