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Overview
Update- Total Equity Funding
- $243M in 2 Rounds from 7 Investors
- Most Recent Funding
- $18M Series E on November 28, 2016
- Headquarters:
- Charlotte, North Carolina
- Description:
- AvidXchange provides accounts payable and on-demand invoice management solutions.
- Founders:
- Chris Tinsley, Michael Praeger
- Categories:
- SaaS, Software, Payments
- Website:
- http://www.avidxchange.com
- Social:
Company Details
UpdateAvidXchange, 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.
Funding Rounds (2) - $243M
Update| Date | Amount / Round | Valuation | Lead Investor | Investors |
|---|---|---|---|---|
| Nov, 2016 | $18M / Series E | — | Fifth Third Capital | 2 |
| Sep, 2015 | $225M / Private Equity | — | Bain Capital Ventures | 5 |
Investors (7)
Current Team (9)
Update
Jan Engram Skinner
VP of Business Development
James Maloney
Chief Information Security Officer
Red Maxwell
Chief Marketing Officer
Jay Plueger
VP of Product Management
Michael Praeger
Founder and Chief Executive Officer
Amy Radke
Chief Financial Officer
Board Members and Advisors (5)
Update
Steve Gord
Partner and Co-Founder @ Boathouse Capital
David Miller
Board of Directors @ AvidXchange
Dwight Sawin
Partner @ Tiedemann Investment Group
News (44)
Update| Date | News |
|---|---|
| Apr 25, 2017 | PRWeb Sitemap - Any Big Technology Breakthroughs yet in Corporate Payments? |
| Apr 4, 2017 | PRWeb Sitemap - Leading Cloud Financial Experts, Arxis Technology, Inc., Labelled a Success by Pharmaceutic Litho & Label Company |
| Mar 1, 2017 | PRWeb Sitemap - Arxis Technology Hosts Entertainment Finance & Film Accounting Event |
| Feb 17, 2017 | Pymnts - AvidXchange Enters AR Side Of B2B Payments |
| Feb 3, 2017 | Pymnts - AvidXchange Tackles Construction’s AP Challenges |
| Jan 30, 2017 | Pymnts - Nyca Partners Raises $125M For Second FinTech VC Fund |
| Jan 24, 2017 | Crowdfund Insider - Fifth Third Bancorp Partners with QED Investors on Fintech Strategy |
| Jan 10, 2017 | PRWeb Sitemap - Arxis Technology Hosts Two Cloud Accounting Software Executive Briefings with Expert Panels |
Offices/Locations (1)
UpdateHQ
1111 Metropolitan Avenue
Suite 650
Charlotte, North Carolina 28204
United States
Past Event Appearances (1)
NetSuite SuiteWorld 2016 on May 16, 2016
