About AvidXchange
AvidXchange is a company based in Beverly Hills (United States) founded in 2009 was acquired by SLR Business Credit in August 2021. It operates as a SaaS (Software-as-a-Service), and Managed Services. AvidXchange has raised $15 million across 5 funding rounds from investors including AvidXchange, The Arena Group and Wells Fargo. The company has 56 employees as of December 31, 2022. AvidXchange has completed 1 acquisition, including AnchorOps. AvidXchange offers products and services including Accounts Payable Automation, Invoice Automation, Payment Automation, and Spend Management. AvidXchange operates in a competitive market with competitors including Nvoicepay, LSQ, LiquidX, Candex and The Receivables Exchange, among others.
- Headquarter Beverly Hills, United States
- Employees 56 as on 31 Dec, 2022
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Avidxchange
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$15 M (USD)
in 5 rounds
-
Latest Funding Round
$25 M (USD), Debt – Conventional
Feb 18, 2022
-
Investors
AvidXchange
& 6 more
-
Employee Count
56
as on Dec 31, 2022
- Investments & Acquisitions
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of AvidXchange
AvidXchange offers a comprehensive portfolio of products and services, including Accounts Payable Automation, Invoice Automation, Payment Automation, and Spend Management. 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.
Automation of accounts payable processes is provided efficiently.
Invoice processing is streamlined through automated software solutions.
Payment processes are automated for enhanced operational efficiency.
Spend management solutions are offered for better control.
Unlock access to complete
Funding Insights of AvidXchange
AvidXchange has successfully raised a total of $15M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $25 million completed in February 2022. 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 5
- Last Round Debt – Conventional — $25.0M
-
First Round
First Round
(25 Jun 2012)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Debt – Conventional - AvidXchange | Valuation |
investors |
|
| Sep, 2016 | Amount | Series A - AvidXchange | Valuation | Citi Ventures |
|
| Nov, 2014 | Amount | Series A - AvidXchange | Valuation | Oak HC/FT |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AvidXchange
AvidXchange has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include AvidXchange, The Arena Group and Wells Fargo. 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 |
|---|---|---|---|---|
|
Corporate venture capital firm backed by Citi
|
Founded Year | Domain | Location | |
|
Investments are made in early-stage healthtech and fintech startups.
|
Founded Year | Domain | Location | |
|
PE firm investing in the US
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by AvidXchange
AvidXchange has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include AnchorOps. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Electronic payment solutions for media industry operations are streamlined.
|
2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - AvidXchange
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Nvoicepay, LSQ, LiquidX, Candex and The Receivables Exchange, 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 |
AP automation, commercial cards, and cross-border payments are provided.
|
|
| domain | founded_year | HQ Location |
Trade financing loans are facilitated via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Provider of a blockchain-enabled marketplace for trade finance assets and supply chain financing
|
|
| domain | founded_year | HQ Location |
Invoices are financed via an online platform for business payments.
|
|
| domain | founded_year | HQ Location |
Commercial receivables are auctioned to investors for business financing.
|
|
| domain | founded_year | HQ Location |
Online trade financing is provided to SMEs in developing countries.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Avidxchange
Frequently Asked Questions about AvidXchange
When was AvidXchange founded?
AvidXchange was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is AvidXchange located?
AvidXchange is headquartered in Beverly Hills, United States. It is registered at Beverly Hills, California, United States.
Is AvidXchange a funded company?
AvidXchange is a funded company, having raised a total of $15M across 5 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Jun 25, 2012.
How many employees does AvidXchange have?
As of Dec 31, 2022, the latest employee count at AvidXchange is 56.
What does AvidXchange do?
AvidXchange is focused on delivering accounts payable automation, invoice automation, payment automation, and spend management solutions. Services are provided across various industries including real estate, construction, financial services, healthcare, hospitality, media, technology, education, nonprofits, and government. Integrations with platforms like Oracle NetSuite, QuickBooks, Microsoft, Sage, and others are supported. The company is recognized for leveraging AI in finance and offering supplier support through hubs and straight-through processing.
Who are the top competitors of AvidXchange?
What products or services does AvidXchange offer?
AvidXchange offers Accounts Payable Automation, Invoice Automation, Payment Automation, and Spend Management.
How many acquisitions has AvidXchange made?
AvidXchange has made 1 acquisition, including AnchorOps.
Who are AvidXchange's investors?
AvidXchange has 7 investors. Key investors include AvidXchange, The Arena Group, Wells Fargo, Citi Ventures, and Oak HC/FT.