AvidXchange is a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses. The company's software-as-a-service platform digitizes and automates AP workflows for more than 8,500 businesses, serving businesses and their suppliers with end-to-end invoice processing, workflow management, and payment processing capabilities.
AvidXchange is publicly traded
IPO'd on October 13, 2021
This company is no longer available on our private secondary market. Shares can be traded publicly under AVDX.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2000
Employees
1,600–1,800
Total Funding
$913M
5 rounds
Last Private Valuation
$2B
April 2020
Total raised $913M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series F (TPG-led)
Date
January 2020
Amount
$260M
Valuation
$2B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| April 2020 | Series F (extension) | $128M | — | Not disclosed |
| January 2020 | Series F (TPG-led) | $260M | $2B | TPG Capital |
| June 12, 2017 | Series F (initial close) | $300M | — | CDPQ |
Michael Praeger
Chief Executive Officer, Co-Founder, Board Chairman
Dan Drees
President
David Miller
Co-Founder, Board Member
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Coupa
Comprehensive business spend management platform with P2P, AP automation, sourcing and contract management
Basware
Source-to-pay platform with expertise in e-invoicing compliance and global market coverage
SAP Concur
Spend management platform combining expense management, business travel, and AP automation
Tipalti
AP automation and payables platform for vendor payment and compliance management
Stampli
Cloud-based AP automation platform designed for mid-market companies
Bill.com
Cloud accounting and payment automation platform for small and mid-size businesses
Yes, AvidXchange is publicly traded under the ticker symbol AVDX on the NASDAQ. The company went public in October 13, 2021.
AvidXchange trades under the ticker symbol AVDX on the NASDAQ. It began trading in October 13, 2021.
AvidXchange (AVDX on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker AVDX to place an order.
AvidXchange went public in October 13, 2021 via ipo, with an offering valuation of approximately $2B. AvidXchange completed IPO on NASDAQ (AVDX) on October 13, 2021 at $25/share with ~$4.9B market valuation. The company was taken private on October 15, 2025 after acquisition by TPG and Corpay for $2.2B at $10/share, representing a majority/minority deal with TPG acquiring majority stake and Corpay acquiring 34% equity stake for $550M.
AvidXchange raised $913M across 5 disclosed funding rounds prior to its public listing.
AvidXchange was co-founded by Michael Praeger, and David Miller in 2000.
AvidXchange is headquartered in Charlotte, NC, United States.
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