AvidXchange IPO

avidxchange.com

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.

SectorFinTech
Founded2000
Total Funding to Date$759.17MM
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AvidXchange Ticker Symbol

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AvidXchange Stock Price

The stock price for AvidXchange will be known as it becomes public. Here are similar public companies: Paypal (NAS: PYPL), Robinhood (NAS: HOOD), E-Trade (NAS: ETFC), Tradeweb (NAS: TW).

Major Investors for AvidXchange

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

AvidXchange Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
1/17/2020 Series Senior Preferred $2.21B $XXX.XX $XXX.XX
7/1/2017 Series F $1.45B $XXX.XX $XXX.XX
10/1/2016 Series E $690.54MM $XXX.XX $XXX.XX
11/14/2014 Series 1 $374.5MM $XXX.XX $XXX.XX
5/13/2014 Series D $199.75MM $XXX.XX $XXX.XX
10/19/2010 Series C $20.95MM $XXX.XX $XXX.XX
4/4/2003 Series B $9.75MM $XXX.XX $XXX.XX
5/10/2002 Series A $9.25MM $XXX.XX $XXX.XX
Based on primary financings

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