AvidXchange IPO

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.

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Learn more about AvidXchange

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What is AvidXchange's IPO price?

AvidXchange's IPO price is $10.61 as of 1/18/24.
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What is AvidXchange's funding to date?

AvidXchange has raised $759.17MM to date.
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When was AvidXchange founded?

AvidXchange was founded in 2000.

Who are AvidXchange's major investors?

Sapphire Ventures
Bain Capital Ventures
Temasek Holdings
Sixth Street
Fifth Third Capital
Lone Pine Capital

AvidXchange funding rounds and last known valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation

Series Senior Preferred

$130MM raised $XXX.XX $XXX.XX

Series F

$430MM raised $XXX.XX $XXX.XX

Series E

$176.01MM raised $XXX.XX $XXX.XX

Series 1

$4.81MM raised $XXX.XX $XXX.XX

Series D

$10.23MM raised $XXX.XX $XXX.XX

Series C

$4.52MM raised $XXX.XX $XXX.XX

Series B

$2.61MM raised $XXX.XX $XXX.XX

Series A

$1MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Jul 24, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.