Michael Praeger

Co-Founder, Chief Executive Officer

Michael Praeger is the Co-Founder and Chief Executive Officer of AvidXchange, Inc, the leading provider of on-demand accounts payables management and automated payment solutions. Since founding AvidXchange in 2000, Michael has been an active participant and speaker on "payables automation" at various industry conferences and considered a thought leader within the industry in developing creative solutions and best practices for payables and payment automation.

Michael has spent the last 20 years founding, managing, merging and selling technology and web services-related companies. Prior to establishing AvidXchange, Michael was Co-Founder of PlanetResume.com, a technology career enhancement and recruiting site that successfully completed its merger with CareerShop.com and CareerTV.net in November 1999. Prior to that, he was Co-Founder and CEO of InfoLink Partners and InfoVentures, LP. Michael also served as an Associate with Summit Partners, a Boston-based Venture Capital and Buyout partnership with more than $1 billion under management. He received a B.S.B.A. in Finance from Georgetown University.

David Miller

David is the Co-Founder, former President, and former head of Product Strategy of AvidXchange. David left day-to-day management in January 2011 and has since launched a new software startup, Conjecta, a tool that technology startups raising capital use to produce a CFO-quality financial package for potential investors, without the need for any accounting knowledge at all. David also writes the influential blog, A Software Startup Guy, that discusses issues related to software startups and being an entrepreneur circa 2011, and is a frequent speaker at internet software conferences. David started his career at Merrill Lynch after receiving a B.A. in Political Science from the University of Chicago.

Dwight Sawin

Dwight currently serves on the Company's Board of Directors as the appointed representative from Charlotte Angel Partners (CAP) and is an experience private angel investor in the Raleigh and Charlotte areas. In addition to CAP, Dwight is also a partner in TIG funds I, II, and III based in RTP, NC.

Red Maxwell

Red Maxwell is a proven design and branding professional with over 20 years experience in the marketing field. Prior to founding OnRamp Branding, Red started the in-house advertising design department at Polo Ralph Lauren in New York then became a principal and creative head of Design Factory, an international design and marketing boutique. A three-time winner of the London International Advertising Awards, he has developed major brand introductions for Danone Foods, Foster's Brewing Company and RJR/ Planters LifeSavers. A pioneer of internet marketing, Red has launched online sites and promotions for Hanes, Duke Energy, Sara Lee Foods, Accenture and Yahoo! As Chief Marketing Officer for the SilkRoad Equity family of companies, which include InterAct Public Safety Systems, SilkRoad technology, SolidSpace, TrueLook and MissionMode, Red helped grow SilkRoad's HR SAAS business from $3million a year in revenue to $25 million in over 4 years. Maxwell was also instrumental in strategically positioning two of the portfolio companies for $20 million and $30 million Series A fundings. In 2008, he spoke at the AvidXchange User Conference on the "Evolution and Advantages of Working with SaaS Model Companies and has been involved with design and execution strategy for the AvidBill Network.

Jim Hausman

Jim most recently served as Senior Vice President and Chief Financial Officer of CT Communications where he directed the financial and regulatory development functions and was responsible for Finance/Accounting, IT and Investor Relations departments. He has 15 years of experience as the Chief Financial Officer for several telecommunications companies. Prior to joining CT Communications in 2002, he was with Houston Cellular, where he served as Chief Financial Officer for over 11 years. He also served as Chief Financial Officer for three emerging telecommunications companies: American Lightwave Communications Inc., Crescent Communications Inc., and Prepaid Telecom Corporation. He was responsible for the financial reporting functions at each company as well as assisting with cash management, forecasting and operations. He is a Certified Public Accountant and gained his initial professional experience with Price Waterhouse. Hausman and his wife, Rita, have two children and reside in Mooresville, NC.

Steve Gord

Steve is currently a Partner and Co-Founder of Boathouse Capital, based in Philadelphia. Previously, Steve was a Vice President at American Capital, Ltd., where he spent over five years as a member of the Philadelphia office deal team investing in senior and subordinated debt and equity transactions. Prior to American Capital, Steve was in the consumer investment banking group at Robertson Stephens in San Francisco, in the M&A and private equity practices at Compass Partners and in the investment banking group at Furman Selz, both in New York. Steve has a BA, with honors, in Economics from Dartmouth and an MBA from the Tuck School of Business at Dartmouth, where he graduated as an Edward Tuck Scholar.

Ross Annable

Ross retired in 2000 as President of First Union Securities Inc. and Executive Vice President of First Union Corporation. During this time, he served on the board of Bank Administration Institute, the industry educational group, was a speaker at many national investment conferences and was host of the national conference in 1994. As President of First Union Securities, he held responsibility for Capital Markets and International technology, operations, compliance and the economist staff. He was on the board of American Banking Association Securities Association, an industry group. Prior to joining First Union, he was Treasurer of a privately held international steel trading company and, before that, a commercial banker. Annable has a B.S. (EE) degree from the University of Wisconsin and an MBA from Harvard Business School. He is a veteran of the US Navy nuclear submarine program. Annable serves on the board of directors of three non-profit organizations.