AvidXchange

United States
Hurlock, Maryland, United States, 28206

Company profile

AvidXchange company profile

AvidXchange provides cloud-based accounts payable (AP) automation solutions designed for middle-market businesses. Its platform streamlines the entire AP process, from purchase order creation to invoice processing and payment execution, aiming to reduce manual tasks and improve operational efficiency. The platform integrates with numerous accounting systems, allowing businesses to maintain their existing financial infrastructure while automating AP processes. Users can access the system from any device with internet connectivity, facilitating remote work and continuous operations.

Business identity

Contact email
[email protected]
Phone number
800-560-9305
Operating status
Active
Company type
For Profit
Employee range
1,001-5,000 employees
Revenue range
$10M-$100M
Founded
2000-04-01

Headquarters

Postal code
28206
Country code
US
Continent
North America

Capital profile

Funding and company signals

Funding stage
M And A
Funding rounds
11
Total equity funding
$1.1B
Last funding
Corporate Round / 2025-05-06
Last equity funding
Corporate Round
Investors
22
Lead investors
6
Founders
2
Articles
250
Exited on
2021-10-13

Founders and investors

Founders

Chris TinsleyMichael Praeger

Lead investors

Bain Capital VenturesCharlotte Angel PartnersCorpayCT CommunicationsFifth Third BankSixth Street

Investors

Founders FundLa CaisseSapphire VenturesSixth StreetTemasek Holdings