About AvidXchange
AvidXchange is a company based in Charlotte (United States) founded in 2000 was acquired by TPG in May 2025.. AvidXchange has raised $1.18 billion across 20 funding rounds from investors including Mastercard, KeyBank and Corpay. The company has 1,600 employees as of December 31, 2024. AvidXchange has completed 8 acquisitions, including Ariett, Ariett Mobile and AvidXchange. AvidXchange offers products and services including Accounts Payable Automation Software, Invoice Automation, and Payment Automation. AvidXchange operates in a competitive market with competitors including Razorpay, Bill.com, Zaggle, Konfío and Zip, among others.
- Headquarter Charlotte, United States
- Employees 1600 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avidxchange Holdings, Inc.
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Annual Revenue
$438.94 M15.29as on Dec 31, 2024
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Net Profit
$8.14 M117.2as on Dec 31, 2024
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EBITDA
$36.53 M439.5as on Dec 31, 2024
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Total Equity Funding
$1.18 B (USD)
in 20 rounds
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Latest Funding Round
$66 M (USD), Series F
Sep 03, 2020
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Investors
Mastercard
& 20 more
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Employee Count
1600
as on Dec 31, 2024
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Investments & Acquisitions
Ariett
& 7 more
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Acquired by
TPG
(May 06, 2025)
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IPO & Listings of AvidXchange
AvidXchange is a publicly listed company on the NASDAQ with ticker symbol AVDX in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of AvidXchange
AvidXchange offers a comprehensive portfolio of products and services, including Accounts Payable Automation Software, Invoice Automation, and Payment Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates invoice processing and payments for business efficiency.
Streamlines invoice approvals and management processes.
Facilitates secure and automated payment disbursements.
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Product Management Team
55 people
Software Development Team
30 people
Senior Team
23 people
Leadership Team
23 people
Finance and Accounting
19 people
Operations Team
12 people
Board Team
9 people
Manager Team
9 people
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Funding Insights of AvidXchange
AvidXchange has successfully raised a total of $1.18B across 20 strategic funding rounds. The most recent funding activity was a Series F round of $66 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 20
- Last Round Series F — $66.0M
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First Round
First Round
(13 May 2002)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series F - AvidXchange | Valuation |
investors |
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| Jul, 2020 | Amount | Series F - AvidXchange | Valuation |
investors |
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| May, 2020 | Amount | Series F - AvidXchange | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AvidXchange
AvidXchange has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mastercard, KeyBank and Corpay. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Founded Year | Domain | Location | |
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Long/short and long-only strategies are employed by the hedge fund.
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Founded Year | Domain | Location | |
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Web application services requiring JavaScript, along with potential agricultural-related offerings.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AvidXchange
AvidXchange has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Ariett, Ariett Mobile and AvidXchange. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Liquidity and workflow solutions are offered to digital media firms.
|
2009 | ||||
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Cloud-based ERP software is offered for construction professionals.
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2007 | ||||
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Cloud-based accounts payable software is provided for SMBs.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AvidXchange
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avidxchange Comparisons
Competitors of AvidXchange
AvidXchange operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Razorpay, Bill.com, Zaggle, Konfío and Zip, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based accounts payable and receivable software for businesses
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| domain | founded_year | HQ Location |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Cloud-based purchase approval management software is provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avidxchange
Frequently Asked Questions about AvidXchange
When was AvidXchange founded?
AvidXchange was founded in 2000 and raised its 1st funding round 2 years after it was founded.
Where is AvidXchange located?
AvidXchange is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Is AvidXchange a funded company?
AvidXchange is a funded company, having raised a total of $1.18B across 20 funding rounds to date. The company's 1st funding round was a Series F of $8.01M, raised on May 13, 2002.
How many employees does AvidXchange have?
As of Dec 31, 2024, the latest employee count at AvidXchange is 1,600.
What is the annual revenue of AvidXchange?
Annual revenue of AvidXchange is $438.94M as on Dec 31, 2024.
What does AvidXchange do?
AvidXchange was founded in 2000 and is headquartered in Charlotte, United States. Automation solutions for accounts payable and payments are provided to mid-market businesses in the financial technology sector. Services include invoice management, purchase order processing, bill payments, utility bill handling, and check printing. The purchase-to-pay process is streamlined through integrated software tools, supporting operational efficiency across various industries.
Who are the top competitors of AvidXchange?
What products or services does AvidXchange offer?
AvidXchange offers Accounts Payable Automation Software, Invoice Automation, and Payment Automation.
Is AvidXchange publicly traded?
Yes, AvidXchange is publicly traded on NASDAQ under the ticker symbol AVDX.
How many acquisitions has AvidXchange made?
AvidXchange has made 8 acquisitions, including Ariett, Ariett Mobile, and AvidXchange.
Who are AvidXchange's investors?
AvidXchange has 21 investors. Key investors include Mastercard, KeyBank, Corpay, Fifth Third Bancorp, and TPG.
What is AvidXchange's ticker symbol?
The ticker symbol of AvidXchange is AVDX on NASDAQ.
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