Sunday, December 15, 2024

AvidXchange: Gets $260M In Financing Round

AvidXchange: Gets $260M In Financing Round

  • AvidXchange has raised $260 million in equity capital in a financing round
  • The company has raised over $800M in its two-decade history, with contributions from investors like TPG Sixth Street Partners and others
  • AvidXchange use the capital to expand and grow, as well as invest in helpful solutions for suppliers and buyers
  • AvidXchange acquired BankTEL Systems and added almost 2,000 bank customers in July
  • The company is planning to expand its headquarters to double its footprint and make room for another 1,200 employees
  • TPG Sixth Street Partners and AvidXchange have had a relationship since 2015

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