AvidXchange was founded in 2000 by Michael Praeger. The company has not officially endorsed a plan to participate in an IPO.
AvidXchange is a SaaS company specializing in automating invoice and payment processes for mid-market businesses. The company has raised over $900 million in Venture Capital funding from investors including Alpha Square Group, Lone Pine Capital, Haymaker Capital, Thiel Capital, Pivot Investment Partners, Bain Capital Ventures, Nyca Partners, QED Investors, and TPG Capital. Per company press releases, AvidXchange last raised an expansion of Series F in April 2020 bringing the round total to $388 million at an undisclosed post-money valuation.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/17/2020 | Senior Preferred | $130MM | $xx.xx | $2.21B | Sixth Street Partners | |
Price per Share
$xx.xx
Shares Outstanding
2,722,166
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
12.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Sixth Street Partners
|
||||||
07/01/2017 | Series F | $430MM | $xx.xx | $1.45B | Caisse De Dpt Et Placement Du Qubec (Cdpq), Mastercard, Temasek | |
Price per Share
$xx.xx
Shares Outstanding
12,447,388
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Caisse De Dpt Et Placement Du Qubec (Cdpq), Mastercard, Temasek
|
||||||
10/01/2016 | Series E | $176.01MM | $xx.xx | $690.54MM | Bain Capital Ventures, Fifth Third Capital, Foundry Group, Harbourvest Partners, Huff Capital, Keybank, Nyca Partners, Pivot Investment Partners, Qed Investors, Square 1 Bank, Tpg Capital, Tpg Specialty Lending | |
Price per Share
$xx.xx
Shares Outstanding
9,800,000
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Fifth Third Capital, Foundry Group, Harbourvest Partners, Huff Capital, Keybank, Nyca Partners, Pivot Investment Partners, Qed Investors, Square 1 Bank, Tpg Capital, Tpg Specialty Lending
|
||||||
11/14/2014 | Series 1 | $4.81MM | $xx.xx | $374.5MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
400,000
Liquidation Pref Order
7
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
05/13/2014 | Series D | $10.23MM | $xx.xx | $199.75MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,500,000
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
10/19/2010 | Series C | $4.52MM | $xx.xx | $20.95MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,200,000
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
04/04/2003 | Series B | $2.61MM | $xx.xx | $9.75MM | Charlotte Angel Partners, Ctc Communications, Piedmont Angel Network | |
Price per Share
$xx.xx
Shares Outstanding
5,000,000
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Charlotte Angel Partners, Ctc Communications, Piedmont Angel Network
|
||||||
05/10/2002 | Series A | $1,000,000.00 | $xx.xx | $9.25MM | Ctc Communications | |
Price per Share
$xx.xx
Shares Outstanding
2,000,000
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.7x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ctc Communications
|