AvidXchange: Funding, Investors & Team (Aug 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 $14M 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.
Funded Startups Like AvidXchange in Financial Services and Charlotte
Companies Similar to AvidXchange
RQD Clearing provides correspondent clearing services that fulfill brokers' technological and business model…
Standard Metrics is a financial platform for startups and investors.
Axela Technologies improves and automates the collection process for a variety of illiquid, esoteric real…
Edge Focus develops and operates an advanced fintech platform in the area of investment management.
An open platform for customer-permitted insurance data is called Axle. Axle enables customers to safely link…
The Strivve Platform makes use of pioneering automation technology that allows for the immediate addition of…
CAIS is a monetary innovation stage, giving free monetary guides admittance to top-level supervisors of…
Provable Markets is a financial services firm that provides market participants with a secure, centralized…
PEX Card is a corporate prepaid card solution provider for small and medium sized companies to control…
Our purpose is to accelerate the games industry’s shift from a platform oligopoly to a competitive…
Epic Markets is a financial technology and retail brokerage firm built to deliver institutional-grade trading…
Lumin Digital provides cloud-based digital banking services to financial institutions.
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 $14M median round size for Financial Services companies on FundedIQ across 5,745 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.
Know who just raised. Then know who to reach.
Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.
Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.