Tech Company Inital Public Offerings
AvidXchange IPO
On 10/13/2021, AvidXchange went public.
Transaction Overview
Company Name
Announced On
10/13/2021
Transaction Type
IPO
Amount
$660,000,000
Proceeds Purpose
We intend to use the net proceeds from this offering (including any additional proceeds that we may receive if the underwriters exercise their option to purchase additional shares of our common stock) to redeem the shares of redeemable preferred stock issuable upon conversion of our senior preferred stock (approximately $169 million), and for general corporate purposes, which we currently expect will include headcount expansion, continued investment in our sales and marketing efforts, product development, general and administrative matters, and working capital. We may also use a portion of the net proceeds for acquisitions or strategic investments in complementary businesses, products, services, or technologies.
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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