AvidXchange logo
Founded 2000

AvidXchange

2021 Revenue

$102.0M

YOY

Funding

$1.4B

How AvidXchange hit $102.0M in Revenue with 6K Customers in 2021.

About AvidXchange

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.

Monthly Revenue

$8.5M

Total Expenses

$8.5M

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

United States
$Funding$Revenue

AvidXchange Revenue

In 2021, AvidXchange revenue run rate hit $102.0M in revenue.

$102.0M

AvidXchange Valuation and Funding History

AvidXchange has raised a total of $1.4B.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
09/17/2020$66.0M
08/13/2020$118.9M
04/23/2020$128.0M
01/10/2020$260.0M
06/08/2017$300.0M
11/28/2016$18.0M
09/14/2015$225.0M
05/13/2014$10.0M
07/31/2006$250.4M
08/08/2002$2.0M

Customers

AvidXchange has 6K customers.

Lifetime Months

×
Monthly ARPU

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$0$0.0024681012

Churn

AvidXchange has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

AvidXchange has 1,214 employees. They have 18 sales reps that carry a quota They have an engineering team of 36. and a marketing team of 5.

2021
DistributionQty

Total Team Size

1214

Engineers

36 (3%)

Sales

18 (1%)

Marketing

5 (0%)

CEO/Founder

Michael Praeger


CEO Q&A

What's your age?

-

Favorite online tool?

-

Favorite book?

-

Favorite CEO?

-

Advice for 20 year old self

-


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Frequently Asked Questions about AvidXchange

When was AvidXchange founded?

AvidXchange was founded in 2000.


Who is the CEO of AvidXchange?

The CEO of AvidXchange is Michael Praeger


How many employees does AvidXchange have?

AvidXchange has 1,214 employees.

How much revenue does AvidXchange generate?

AvidXchange generates $102.0M in revenue.


How much funding does AvidXchange have?

AvidXchange has raised $1.4B.


Where is AvidXchange headquarters?

AvidXchange is headquartered at United States

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