Fundraising Fox

AvidXchange

Charlotte, US · Delaware corporation · 6 known investors

avidxchange.com

AvidXchange provides AI-powered accounts payable software that automates invoice capture, approvals, and payments for mid-market businesses. The platform helps finance teams reduce manual work and improve payment performance across the entire AP lifecycle.

AI & Machine LearningEnterprise SoftwareFintechSaaSin /54461@AvidXchange

Founders & leadership

MP
Michael PraegerCEO & Co-Founder
DD
Dan DreesPresident
MH
Matt HarrisDirector
BF
Brad FeldDirector
KB
Karen BertauxExecutive Officer
RA
Ross AgreExecutive Officer
CD
C. David MillerDirector
RM
Red MaxwellDirector
JH
Jim HausmanDirector
HM
Hans MorrisDirector

Investors · 6

Competitors · 10

by search overlap
Bill.com Holdings, Inc.2978 shared keywordsBILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses. The platform processes over $345 billion in annual payment volume and serves nearly 500,000 customers across the US and 130+ countries.
Tipalti2663 shared keywords
Stripe2428 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
Wise2120 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
GoCardless2054 shared keywordsGoCardless provides bank payment collection and open banking data access services. The platform enables businesses to collect domestic and international payments via bank accounts and securely access customer bank account data across 2,300+ banks in the UK and Europe.
principal-agent problems1925 shared keywords
Highradius1911 shared keywordsHighRadius provides AI-driven automation agents for finance operations that deliver value based on agreed key performance improvement metrics. The platform serves finance professionals and operates on an outcome-based pricing model.
Intuit®1821 shared keywordsIntuit operates a platform of AI-powered financial and business software products including tax filing (TurboTax), credit management (Credit Karma), accounting and payroll (QuickBooks), and marketing automation (Mailchimp) for small businesses and individuals.
Nerd Wallet1577 shared keywordsNerdWallet provides educational content and resources about investing, including articles, product reviews, and guidance on investment accounts and portfolio construction.
Airwallex1469 shared keywordsAirwallex operates a global banking platform that provides cross-border payments, financial infrastructure, and AI-powered financial software for businesses. The platform serves companies across 200+ countries, enabling automated financial operations, expense management, and billing for global enterprises and AI-native businesses.

Companies competing with AvidXchange for the same Google search keywords, organic and paid, via search-intersection analysis.

Reported raises · per SEC filings

Form D private placements
$5MraisedJan 2021 · 1 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Wendy MurdockDirector
  • Michael PraegerExecutive Officer, Director
  • Brad FeldDirector
  • Hans MorrisDirector
  • Jim HausmanDirector
  • Ryan StahlExecutive Officer
  • Joel WilhiteExecutive Officer
  • James AndersonDirector
  • "Robert ""Bo""" StanleyDirector
  • Matt HarrisDirector
  • Nigel MorrisDirector
  • Steven McLaughlinDirector
Offering amount
$5M
Amount sold
$5M
First sale
Dec 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$988.1KraisedNov 2020 · 12 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Nigel MorrisDirector
  • Wendy MurdockDirector
  • Matt HarrisDirector
  • Jim HausmanDirector
  • Hans MorrisDirector
  • Brad FeldDirector
  • Michael PraegerExecutive Officer, Director
  • "Robert ""Bo""" StanleyDirector
  • James AndersonDirector
  • Joel WilhiteExecutive Officer
  • Ryan StahlExecutive Officer
  • Steven McLaughlinDirector
Offering amount
$988.1K
Amount sold
$988.1K
First sale
Oct 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$66MraisedSep 2020 · 5 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Matt HarrisDirector
  • Steven McLaughlinDirector
  • Michael PraegerExecutive Officer, Director
  • Jim HausmanDirector
  • Hans MorrisDirector
  • Brad FeldDirector
  • Ryan StahlExecutive Officer
  • "Robert ""Bo""" StanleyDirector
  • Joel WilhiteExecutive Officer
  • Wendy MurdockDirector
  • Nigel MorrisDirector
  • James AndersonDirector
Offering amount
$66M
Amount sold
$66M
Sales commissions
$4M
Proceeds to insiders
$4M
Placement agents
FTP Securities LLC
First sale
Sep 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$118.9MraisedAug 2020 · 14 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Joel WilhiteExecutive Officer
  • Wendy MurdockDirector
  • Ryan StahlExecutive Officer
  • Steven McLaughlinDirector
  • Brad FeldDirector
  • Nigel MorrisDirector
  • Michael PraegerExecutive Officer, Director
  • James AndersonDirector
  • Matt HarrisDirector
  • Jim HausmanDirector
  • "Robert ""Bo""" StanleyDirector
  • Hans MorrisDirector
Offering amount
$118.9M
Amount sold
$118.9M
Sales commissions
$7.1M
Proceeds to insiders
$7.1M
Placement agents
FTP Securities LLC
First sale
Jul 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8MraisedJun 2020 · 2 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • "Robert ""Bo""" StanleyDirector
  • James AndersonDirector
  • Wendy MurdockDirector
  • Joel WilhiteExecutive Officer
  • Nigel MorrisDirector
  • Michael PraegerExecutive Officer, Director
  • Hans MorrisDirector
  • Brad FeldDirector
  • Jim HausmanDirector
  • Matt HarrisDirector
  • Steven McLaughlinDirector
  • Ryan StahlExecutive Officer
Offering amount
$8M
Amount sold
$8M
Sales commissions
$480.8K
Proceeds to insiders
$480.8K
Placement agents
FTP Securities LLC
First sale
May 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$127.5MraisedApr 2020 · 52 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Matt HarrisDirector
  • "Robert ""Bo""" StanleyDirector
  • Michael PraegerExecutive Officer, Director
  • Ryan StahlExecutive Officer
  • Wendy MurdockDirector
  • Joel WilhiteExecutive Officer
  • Steven McLaughlinDirector
  • Hans MorrisDirector
  • Brad FeldDirector
  • James AndersonDirector
  • Jim HausmanDirector
  • Nigel MorrisDirector
Offering amount
$127.5M
Amount sold
$127.5M
Sales commissions
$7.7M
Proceeds to insiders
$7.7M
Placement agents
FTP Securities LLC
First sale
Apr 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$130MraisedJan 2020 · 2 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Steven McLaughlinDirector
  • Joel WilhiteExecutive Officer
  • Ryan StahlExecutive Officer
  • "Robert ""Bo""" StanleyDirector
  • Richard CrumDirector
  • Nigel MorrisDirector
  • Brad FeldDirector
  • Hans MorrisDirector
  • Jim HausmanDirector
  • Matt HarrisDirector
  • Wendy MurdockDirector
  • Michael PraegerExecutive Officer, Director
Offering amount
$130M
Amount sold
$130M
Sales commissions
$7.8M
Proceeds to insiders
$7.8M
Placement agents
FTP Securities LLC
First sale
Dec 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$20MraisedOct 2019 · 9 investors · Business Services
Rule 506(b)
Officers, directors & promoters on the filing
  • Steve BoehmExecutive Officer
  • Steven McLaughlinDirector
  • Matt HarrisDirector
  • Wendy MurdockDirector
  • Nigel MorrisDirector
  • Joel WilhiteExecutive Officer
  • Ryan StahlExecutive Officer
  • "Robert ""Bo""" StanleyDirector
  • Michael PraegerExecutive Officer, Director
  • Brad FeldDirector
  • Hans MorrisDirector
  • Jim HausmanDirector
Offering amount
$20M
Amount sold
$20M
First sale
Oct 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Acquisitions · 1

Early investors' stakes continue via these deals
Fastpay

Prior investment, acquired by AvidXchange

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