Company News

Highlights of what’s new and exciting at AvidXchange, straight from the desk of our editor.

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AvidXchange Raises $260 Million to Support Continued Growth

AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, today announced it has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other leading investors, this brings total funding to more than $800 million over the company’s 20-year history.

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Lucky #7 – AvidXchange Makes the Inc. 5000 List

Inc. magazine released its annual list of the 5,000 fastest-growing privately held companies in the U.S., and AvidXchange made the list for the seventh time. Based on revenue numbers in 2015 compared to 2018, AvidXchange saw a growth rate of 179% landing in the 2,243 spot.

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AvidXchange Focuses on Women in Tech at Grace Hopper 2019

With a focus on hiring top talent, AvidXchange made it a priority to be part of the world’s largest women in tech conference, Grace Hopper Celebration. More than 25,000 attendees gathered in Orlando for a week of networking, job searching and professional skills development.

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