AvidXchange Overview

  • Founded
  • 2000
Founded
  • Status
  • Public
  • Employees
  • 1,500
Employees
  • Stock Symbol
  • AVDX
Stock Symbol
  • Investments
  • 7
  • Share Price
  • $8.73
  • (As of Monday Closing)

AvidXchange General Information

Description

AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue.

Contact Information

Website
www.avidxchange.com
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Other Financial Services
Automation/Workflow Software
Stock Exchange
NAS
Primary Office
  • 1210 AvidXchange Lane
  • Charlotte, NC 28206
  • United States
+1 (800) 000-0000

AvidXchange Timeline

2019202020212022
Financing RoundCaptured Employee CountEstimated Employee Growth
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AvidXchange Stock Performance

(As of Monday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$8.73 $8.75 $8.15 - $27.43 $1.72B 196M 849K -$1.19

AvidXchange Financials Summary

In Thousands,
USD 		TTM 30-Sep-2021 FY 2020 31-Dec-2020 FY 2019 31-Dec-2019 FY 2017 31-Dec-2017
Revenue 232,007 185,928 149,584 64,900
EBITDA (111,166) (55,094) (55,270)
Net Income (160,174) (101,246) (93,546)
Total Assets 1,458,647 726,510 573,856
Total Debt 181,625 178,573 157,026
Public Fundamental Data provided by Morningstar, Inc. disclaimer

AvidXchange Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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AvidXchange Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion
Price		 % Owned

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AvidXchange Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and
Financial Software
Charlotte, NC
1,500 As of 2021
00.000
0.000 0000-00-00
00000000 00.000

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000000000 00000000
New York, NY
000.00
000 0000-00-00
000000&0 000.00

000000

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000000000 00000000
South San Francisco, CA
0000 As of 0000
00.000
0000 0000-00-00
00000000000 00.000
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AvidXchange Competitors (34)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Transactis Formerly VC-backed New York, NY 000.00 000000&0 000.00
000000 Venture Capital-Backed South San Francisco, CA 0000 00.000 00000000000 00.000
0000000000 Venture Capital-Backed San Francisco, CA 000 00000 000000 - 000 00000
00000000000 Venture Capital-Backed Boston, MA 000 00000 000000&0 00000
000000000 Formerly VC-backed Paris, France 00 000.00 000000&0 000.00
You’re viewing 5 of 34 competitors. Get the full list »

AvidXchange Executive Team (28)

Name Title Board Seat Contact Info
Michael Praeger Chief Executive Officer & Chairman
Joel Wilhite Chief Financial Officer, Finance & Chief Accounting Officer, Accounting
Chris Tinsley Chief Technology Officer
Angelic Gibson Chief Information Officer & Senior Vice President
Christina Quaine Chief Information Security Officer
You’re viewing 5 of 28 executive team members. Get the full list »

AvidXchange Board Members (17)

Name Representing Role Since
Bradley Feld Foundry Group Board Member 000 0000
James Anderson Self Board Member 000 0000
James Hausman Self Board Member 000 0000
John Morris Nyca Partners Board Member 000 0000
Lance Drummond AvidXchange Board Member 000 0000
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AvidXchange Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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AvidXchange Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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AvidXchange Acquisitions (7)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000000 12-Jul-2021 0000000000 Financial Software 0000000 0
0000 00000000 04-Jan-2021 0000000000 Business/Productivity Software 0000000 0
000000000 29-Oct-2020 0000000000 00.000 Financial Software
0000000 00000 27-Aug-2019 0000000000 Financial Software 0000000 0
Ariett 20-Nov-2017 Merger/Acquisition Financial Software 0000000 0
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AvidXchange Subsidiaries (3)

Company Name Industry Location Founded
Entryless Financial Software San Francisco, CA 2011
0000 0000000000 Business/Productivity Software Jupiter, FL 0000
0000000 0000000 Financial Software Columbus, MS 0000
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AvidXchange Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
0000000 12-Jul-2021 000000000000000000 Completed
  • 00000000000
To view AvidXchange’s complete exits history, request access »