Tech Company Financing Transactions
AvidXchange Funding Round
On 9/15/2015, AvidXchange received $225 million in funding from Bain Capital Ventures, Foundry Group and KeyBank.
Transaction Overview
Company Name
Announced On
9/15/2015
Transaction Type
Venture Equity
Amount
$225,000,000
Round
Undisclosed
Investors
Bain Capital Ventures (Lead Investor) (Matthew Harris)
Foundry Group (Brad Feld)
Nyca Partners (Hans Morris)
Proceeds Purpose
AvidXchange intends to invest a significant amount of the funding to hire staff to support its rapid client growth, make select strategic acquisitions, and develop new product technologies to further serve its clients.
Company Information
Company Status
Publicly-held
Industry
FinTech
Mailing Address
1210 AvidXchange Ln.
Charlotte, NC 28206
USA
Charlotte, NC 28206
USA
Phone
Website
Email Address
Overview
AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Praeger
Chief Financial Officer
Joel Wilhite
Chief Information Officer
Angelic Gibson
Chief Information Officer
Christina Quaine
Chief Technical Officer
Chris Tinsley
Vice President
Heather Caudill
Vice President
Paul Kelly
Vice President
Denise Leleux
Vice President
Al McMillian
VP - Bus. Development
Shishir Desai
VP - Bus. Development
Serdar Dincaslan
VP - Bus. Development
Daniel Drees
VP - Customer Service
Stavros Liakakos
VP - Finance
Martin Smith
VP - General Counsel
Ryan Stahl
VP - Human Resources
Todd Cunningham
VP - Marketing
Jess Antle
VP - Operations
Timothy Johnson
VP - Operations
Timothy Ramsey
VP - Product Management
Justin Nelson
VP - Sales
Thomas Spencer
VP - Sales
Michael Travis
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