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

To invest in AvidXchange pre-IPO

Can you invest in AvidXchange pre-IPO?

You may invest in AvidXchange as it is a public company listed on the NASDAQ with ticker AVDX. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.

Can you sell shares of AvidXchange before it goes public?

You can no longer sell shares of AvidXchange on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.

What is the pre-IPO value of my AvidXchange shares?

Forge can no longer determine the value of AvidXchange shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.

Is AvidXchange a publicly traded company?

AvidXchange became a public company following its IPO on 10/13/2021 and is now traded on the NASDAQ under the ticker AVDX.

To learn more about AvidXchange potential IPO

Will AvidXchange go IPO?

AvidXchange became a public company following its IPO on 10/13/2021 and is now traded on the NASDAQ under the ticker AVDX.

What is AvidXchange’s IPO price?

The IPO price of AvidXchange is not currently available.

When was AvidXchange founded?

AvidXchange was founded in 2000.

What is AvidXchange funding to date?

AvidXchange has raised $759.17MM to date.

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 Valuation

Funding History Chart
Funding Round Details
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
Updated on: Dec 11, 2024

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