AvidXchange: Funding, Investors & Team (Oct 2026)
AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses. Founded in the year 2000, AvidXchange processes over $140 billion transactions annually across its network of more than 680,000 suppliers, transforming the way 6,000 customers in North America pay their bills. AvidXchange is distinguished as a global fintech unicorn and one of the fastest growing technology companies in the U.S. with 1,500 employees supporting customers across seven office locations.
AvidXchange has raised $66.0M across 1 funding round on record, the most recent an undisclosed round of $66.0M announced in Sep 2020.
That round is above the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
AvidXchange Company Profile and Key Stats
Latest funding round on record: Sep 2020.
AvidXchange Funding Rounds
AvidXchange Founders and Leadership Team
Contact details for the AvidXchange team: 1 of 2 have an email address on file.
Start 14-day free trial →AvidXchange Funding Compared to Other Financial Services Startups
AvidXchange's latest round of $66.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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AvidXchange Funding FAQs
What does AvidXchange do?
AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses. Founded in the year 2000, AvidXchange processes over $140 billion transactions annually across its network of more than 680,000 suppliers, transforming the way 6,000 customers in North America pay their bills. AvidXchange is distinguished as a global fintech unicorn and one of the fastest growing technology companies in the U.S. with 1,500 employees supporting customers across seven office locations.
How much funding has AvidXchange raised?
AvidXchange has raised $66.0M across 1 round on record. The most recent is an undisclosed round of $66.0M announced in Sep 2020.
When did AvidXchange last raise funding?
AvidXchange's most recent funding round on record is an undisclosed round of $66.0M, announced in Sep 2020.
Who is the CEO of AvidXchange?
Michael Praeger is listed as CEO at AvidXchange.
Where is AvidXchange headquartered?
AvidXchange is based in Charlotte, North Carolina, United States.
How many employees does AvidXchange have?
AvidXchange is in the 1001-5000 employee band.
How does AvidXchange's funding compare to other Financial Services startups?
AvidXchange's latest round of $66.0M is above the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's AvidXchange Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for AvidXchange is left off this page rather than filled in.
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