AvidXchange
United States
How AvidXchange hit $102M revenue and 6K customers in 2021.
Provider of automating invoice and payment processes platform designed to provide accounts payable and on-demand invoice management services. The company's platform helps to accelerate approvals, reduce processing costs and virtually eliminate paper with more transparency into and control over spending, enabling companies to automate manual tasks and spend time doing more valuable tasks.
2000
Founded
$102M
2021 Revenue
-----
YOY
$1.4B
Funding
AvidXchange Revenue
In 2021, AvidXchange revenue run rate hit $102M in revenue.
-
2021
AvidXchange hit $102M in revenue in 2021
-
2000
AvidXchange launched in 2000 with $0 revenue
AvidXchange Funding History
-
2020 Venture Round
AvidXchange raised a Venture Round of in September, 2020
-
2020 Venture Round
AvidXchange raised a Venture Round of in August, 2020
-
2020 Series F
AvidXchange raised a Series F of in April, 2020
-
2020 Series F
AvidXchange raised a Series F of in January, 2020
-
2017 Private Equity Round
AvidXchange raised a Private Equity Round of in June, 2017
-
2016 Series E
AvidXchange raised a Series E of in November, 2016
-
2015 Venture Round
AvidXchange raised a Venture Round of in September, 2015
-
2014 Series F,Venture Round
AvidXchange raised a Series F,Venture Round of in May, 2014
-
2006 Convertible Note
AvidXchange raised a Convertible Note of in July, 2006
-
2002 Series B
AvidXchange raised a Series B of in August, 2002
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| September, 17 2020 | Venture Round | ||
| August, 13 2020 | Venture Round | ||
| April, 23 2020 | Series F | ||
| January, 10 2020 | Series F | ||
| June, 08 2017 | Private Equity Round | ||
| November, 28 2016 | Series E | ||
| September, 14 2015 | Venture Round | ||
| May, 13 2014 | Series F,Venture Round | ||
| July, 31 2006 | Convertible Note | ||
| August, 08 2002 | Series B |
Team
AvidXchange has 1,214 total employees and 18 sales reps that carry a quota. They have 6,000 customers an engineering team of 36 and a marketing team of 5.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 1.2K |
| Engineer | 36 (3%) |
| Sales | 18 (1%) |
| Marketing | 5 (0%) |
Founder / CEO
Michael Praeger
Q&A
-
What's your age?
-
-
Favorite online tool?
-
-
Favorite book?
-
-
Favorite CEO?
-
-
Advice for 20 year old self
-
Customers
Churn
AvidXchange Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Michael Praeger | CEO | [email protected] | - |
AvidXchange Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Michael Praeger | CEO | [email protected] | - |
Frequently Asked Questions about AvidXchange
-
When was AvidXchange founded?
AvidXchange was founded in 2000.
-
How much revenue does AvidXchange generate?
AvidXchange generates $102M in revenue.
-
Who is the CEO of AvidXchange
The CEO of AvidXchange is Michael Praeger.
-
How much funding does AvidXchange have?
AvidXchange raised $1.4B.
-
How many employees does AvidXchange have?
AvidXchange has 1.2K employees.
-
Where is AvidXchange headquarters?
AvidXchange is headquartered at United States
People Also Viewed
JumpCloud
JumpCloud is a software company that provides a cloud-based directory service for IT organizations. JumpCloud's platform enables IT administrators to manage user identities, devices, and access controls across multiple platforms, including Windows, Mac, and Linux. The platform provides a centralized location for IT management, making it easier to secure and scale an organization's IT infrastructure. JumpCloud's products are used by organizations of all sizes, from small businesses to large enterprises, to improve their security and streamline their IT operations.
Oyster
Oyster is a Distributed HR platform that empowers companies to hire, pay, and care for talented teammates regardless of location.
Quizlet
Quizlet is an online learning platform that provides tools and resources for students and educators to study and learn a variety of subjects. The platform offers a wide range of study materials, including flashcards, games, quizzes, and study guides, that are created and shared by users. Quizlet also offers tools for educators to create custom study materials and track their students' progress. The platform supports a variety of subjects, including science, math, language learning, and history. Quizlet was founded in 2005 and is headquartered in San Francisco, California. The platform has over 50 million monthly active users worldwide and is available in over 130 countries.
MoEngage
MoEngage is a customer engagement and retention platform that operates the website moengage.com. The company was founded in 2014 and is headquartered in San Francisco, California, with additional offices in Bangalore, India, and Berlin, Germany. MoEngage's platform enables businesses to engage with their customers across multiple channels, including mobile push notifications, in-app messaging, email, SMS, and web push notifications. The platform uses artificial intelligence and machine learning algorithms to personalize and optimize customer interactions, providing real-time insights into user behavior and preferences. MoEngage serves a wide range of clients, including e-commerce, travel, finance, and media companies, across various industries and geographies. The company has been recognized for its innovative approach to customer engagement, and its platform has won numerous awards and accolades.
Snappy App
Snappy is a software company that provides an employee recognition and rewards platform designed to improve workplace culture and engagement. Their platform offers tools for managers to recognize and reward employees for their contributions, including sending e-gift cards, setting up employee awards programs, and tracking employee engagement and performance metrics. Snappy's solutions aim to help businesses build stronger relationships with their employees, improve morale and productivity, and reduce turnover rates. The company was founded in 2015 and is headquartered in New York, USA.
Invoca
Invoca specializes in the fields of inbound call marketing, call tracking, call intelligence, and pay-per-call advertising.