AvidXchangerevenue, acquisition & funding
Other Collaboration SoftwareUnited StatesFounded 2000
AvidXchange was acquired by TPG and Corpay.
AvidXchange is an Other Collaboration Software company based in the United States, founded in 2000.
AvidXchange revenue
AvidXchange's annual revenue was $438.9M in December 2024, its last figure before TPG and Corpay bought it (SEC filing). That is up 15% from $380.7M a year earlier.
All 2 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Dec 2023 | $380.7M | SEC filing |
| Dec 2024 | $438.9M | SEC filing |
Who owns AvidXchange
TPG and Corpay owns AvidXchange. The date and price of the deal are not on record.
AvidXchange funding rounds & investors
AvidXchange has raised $1.4B across ten rounds since 2002. The latest was a $66M funding round in September 2020.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Sep 2020 | Venture | $66M | – |
| Aug 2020 | Venture | $118.9M | – |
| Apr 2020 | Series F | $128M | $1B |
| Jan 2020 | Series F | $260M | – |
| Jun 2017 | Private Equity | $300M | $1.1B |
| Nov 2016 | Series E | $18M | $714M |
| Sep 2015 | Venture | $225M | – |
| May 2014 | Series F | $10M | – |
| Jul 2006 | Convertible Note | $250.4M | – |
| Aug 2002 | Series B | $2M | – |
| Total raised | $1.4B |
AvidXchange CEO, founders & employees
Michael Praeger founded AvidXchange in 2000 and led it as CEO. AvidXchange had 1,577 employees (December 2024, Press Release).
- Michael PraegerFounder & CEO
All 2 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 1,577 | Press Release |
| Apr 2021 | 1,214 | – |
AvidXchange FAQ
What was AvidXchange's revenue?
Before TPG and Corpay bought it, AvidXchange's annual revenue was $438.9M in December 2024, according to an SEC filing.
Who owns AvidXchange?
TPG and Corpay owns AvidXchange.
How much funding has AvidXchange raised?
AvidXchange raised $1.4B across ten funding rounds before TPG and Corpay bought it. The last was a $66M funding round in September 2020.
How many employees does AvidXchange have?
AvidXchange had 1,577 employees in December 2024, according to a press release.
Who founded AvidXchange?
Michael Praeger founded AvidXchange in 2000.
Browse Other Collaboration Software
Categories
- All Other Collaboration Software companies, ranked
- Accounts Payable Automation Software
- Security Compliance Software
- Invoice Management Software
- Accounts Payable (AP) & Spend Analysis Software
- Best Collaboration & Productivity Software
- Best ERP Software
- Best Governance, Risk & Compliance Software
- All industries
How this page is sourced
3 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Sep 29, 2026Data disclaimerReport a correctionClaim this profileRun AvidXchange? Join the podcast