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
