Each Tuesday, we reverse-engineer a real SaaS company's revenue, profit, CAC, funnels, and its top growth tactic.
Sign up to access all features
Sign up with GoogleSign up with LinkedInAlready have an account? Log in
GetLatka is trusted by 200k+ founders, researchers, and marketers.
No contracts, cancel at any time
United States
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.
Last updated
In 2024, AvidXchange's revenue reached $388.5M. The company previously reported $316.3M in 2023. Since its launch in 2000, AvidXchange has shown consistent revenue growth.
AvidXchange reached a $1B valuation in 2020, set during its Series F round.
AvidXchange has raised $1.4B in total funding across 10 rounds, most recently a $66M Venture Round round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Venture Round | $66M | - | - | |
| 2020 | Venture Round |
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
AvidXchange serves 8K customers.
AvidXchange employs approximately 1.6K people as of 2026, up from 1.2K in 2021, including 18 sales reps that carry a quota. It serves 8K customers that rely on its solutions.
AvidXchange generates $388.5M in revenue.
AvidXchange was founded by Michael Praeger.
The CEO of AvidXchange is Michael Praeger.
AvidXchange raised $1.4B across 10 rounds.
AvidXchange has 1.6K employees.
AvidXchange is headquartered in United States.
AvidXchange operates across multiple industries. Browse revenue, funding, and growth data for AvidXchange in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profile
Provider of digital transformation technologies and services, offering systems integration and...
Nuvei is the Canadian fintech company accelerating the business of clients around the world...
Signifyd is a company that provides an end-to-end commerce protection platform that helps...
Axiom is where legal teams go to find the right talent for everything from routine in-house tasks...
Valuation
$1B
2024 Revenue
$388.5M
Customers
8K
Funding
$1.4B
YOY
22.8%
Avg ACV
$48.6K
Team
1.6K
Founded
2000
| Year | Milestone | Source |
|---|---|---|
| 2024 | AvidXchange Hit $388.5m revenue in December 2024 | |
| 2023 | AvidXchange Hit $316.3m revenue in December 2023 | |
| 2021 | AvidXchange Hit $102m revenue in April 2021 | |
| 2000 | Launched with $0 revenue |
| $118.9M |
| - |
| - |
| 2020 | Series F | $128M | $1B | 13% |
| 2020 | Series F | $260M | - | - |
| 2017 | Private Equity Round | $300M | $1.1B | 27% |
| 2016 | Series E | $18M | $714M | 3% |
| 2015 | Venture Round | $225M | - | - |
| 2014 | Series F,Venture Round | $10M | - | - |
| 2006 | Convertible Note | $250.4M | - | - |
| 2002 | Series B | $2M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 1.6K employees (December 2024) | |
| 2021 | Reached 1.2K employees (April 2021) |
If you're the CEO and would like to join the podcast, please DM Nathan Latka on LinkedIn.
