Companies · Business Services

AvidXchange, Inc.

CHARLOTTE · Business Services

Diligence memoA one-page analyst read on AvidXchange, Inc. — recommendation, valuation, rhythm, risks.
$1.1B
Total raised · real
18
Rounds
5.1×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Dec 30 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

AvidXchange, Inc. has raised $1.1B over 18 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the business services sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 5.5 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Business Services

AvidXchange, Inc. is one of 2439 Business Services companies tracked from CHARLOTTE. By capital raised it ranks among the largest (ahead of 100% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2020-12-30
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5B$5.0B$7.5B$10.0BPre-Seed · 2010-09-27 Raised $275K (real) Modeled valuation $8.7M (est)Pre-Seed2010Pre-Seed · 2012-10-09 Raised $650K (real) Modeled valuation $21M (est)Series A · 2014-04-28 Raised $10.0M (real) Modeled valuation $207M (est)Series A2014Series D+ · 2015-07-21 Raised $130M (real) Modeled valuation $3.1B (est)Series D+ · 2016-03-15 Raised $10M (real) Modeled valuation $236M (est)Series D+2016Series D+ · 2016-10-20 Raised $3.5M (real) Modeled valuation $83M (est)Series D+ · 2016-11-15 Raised $15M (real) Modeled valuation $342M (est)Series D+2016Series D+ · 2017-06-22 Raised $300M (real) Modeled valuation $7.1B (est)Series D+ · 2017-11-16 Raised $2.5M (real) Modeled valuation $59M (est)Series D+2017Series D+ · 2019-10-01 Raised $130M (real) Modeled valuation $3.1B (est)Series D+ · 2019-10-01 Raised $20M (real) Modeled valuation $472M (est)Series D+2019Series D+ · 2019-12-27 Raised $130M (real) Modeled valuation $3.1B (est)Series D+ · 2020-04-07 Raised $127M (real) Modeled valuation $3.0B (est)Series D+2020Series D+ · 2020-05-21 Raised $8.0M (real) Modeled valuation $189M (est)Series D+ · 2020-07-30 Raised $119M (real) Modeled valuation $2.8B (est)Series D+2020Series D+ · 2020-09-03 Raised $66M (real) Modeled valuation $1.5B (est)Series D+ · 2020-10-29 Raised $988K (real) Modeled valuation $22M (est)Series D+2020Series D+ · 2020-12-30 Raised $5.0M (real) Modeled valuation $107M (est)Cumulative $1.1B

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$275K · 2010
Pre-Seed extension$650K · 2012
Series A$10.0M · 2014no Seed on file
Series D+$129.5M · 2015no Series B / Series C on file
Series D+ extension$10.0M · 2016
Series D+ extension$3.5M · 2016
Series D+ extension$14.5M · 2016
Series D+ extension$300.0M · 2017
Series D+ extension$2.5M · 2017
Series D+ extension$130.0M · 2019
Series D+ extension$20.0M · 2019
Series D+ extension$130.0M · 2019
Series D+ extension$127.5M · 2020
Series D+ extension$8.0M · 2020
Series D+ extension$118.9M · 2020
Series D+ extension$66.0M · 2020
Series D+ extension$988K · 2020
Series D+ extension$5.0M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$106.9M
Base estimate est.
$28.9M
Conservative case
$221.4M
Upside case
$41.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the business services sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $8.7M · 2010-09-272010Pre-Seed · modeled $20.5M · 2012-10-09Series A · modeled $206.9M · 2014-04-28Series D+ · modeled $3.1B · 2015-07-21Series D+ · modeled $235.9M · 2016-03-15Series D+ · modeled $82.6M · 2016-10-20Series D+ · modeled $342.1M · 2016-11-15Series D+ · modeled $7.1B · 2017-06-22Series D+ · modeled $59.0M · 2017-11-16Series D+ · modeled $3.1B · 2019-10-01Series D+ · modeled $471.8M · 2019-10-01Series D+ · modeled $3.1B · 2019-12-27Series D+ · modeled $3.0B · 2020-04-07Series D+ · modeled $188.9M · 2020-05-21Series D+ · modeled $2.8B · 2020-07-30Series D+ · modeled $1.5B · 2020-09-03Series D+ · modeled $21.9M · 2020-10-29Series D+ · modeled $106.9M · 2020-12-302020
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
87%
Survival probability
69% low · 96% high
1.22×/yr
Annual markup
1.36×/yr upside case
5.5 yr
Elapsed time used
5.5 yr actual, capped for stale marks
business services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$105.0M/yr
Capital velocity
15.8 yr
On record since
2010
First round
18
Rounds on file
How it compares to the market

Benchmarked against 2439 companies in Business Services. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 737× above median
This company$1.1B
Sector median$1.5M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.0× of median
This company$5.0M
Sector median$125.0M
Modeled value — vs sector median (estimate, all stages) 7.1× above median
This company$106.9M
Sector median$15.0M

Raised more than 100% of sector peers (real $). Modeled value above 88% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)Market Expansion Group USA LLC · Series D+ Raised $200.0M · modeled $3.7B (est)Shelby 2021 Parent LLC · Series D+ Raised $217.2M · modeled $673.2M (est)Asgard Topco, Llc · Series D+ Raised $179.8M · modeled $401.3M (est)AvidXchange, Inc. (this company) Raised $1.1B · modeled $106.9M (est)AvidXchange, Inc.
CompanyStageRaised · realValue · estvs peer med.
Market Expansion Group USA LLCSeries D+$200.0M$3.7B6.92×
Shelby 2021 Parent LLCSeries D+$217.2M$673.2M1.25×
Asgard Topco, LlcSeries D+$179.8M$401.3M0.75×
AvidXchange, Inc. this companySeries D+$1.1B$106.9M0.20×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$275K2010-09-27$1.5M$8.7M85%
Pre-Seed$650K2012-10-09$3.6M$20.5M85%
Series A$10.0M2014-04-28$45.5M$206.9M85%
Series D+$129.5M2015-07-21$1.1B$3.1B85%
Series D+$10.0M2016-03-15$83.3M$235.9M85%
Series D+$3.5M2016-10-20$29.2M$82.6M90%
Series D+$14.5M2016-11-15$120.8M$342.1M90%
Series D+$300.0M2017-06-22$2.5B$7.1B90%
Series D+$2.5M2017-11-16$20.8M$59.0M90%
Series D+$130.0M2019-10-01$1.1B$3.1B90%
Series D+$20.0M2019-10-01$166.7M$471.8M90%
Series D+$130.0M2019-12-27$1.1B$3.1B90%
Series D+$127.5M2020-04-07$1.1B$3.0B90%
Series D+$8.0M2020-05-21$66.7M$188.9M90%
Series D+$118.9M2020-07-30$990.8M$2.8B90%
Series D+$66.0M2020-09-03$550.0M$1.5B90%
Series D+$988K2020-10-29$8.2M$21.9M90%
Series D+$5.0M2020-12-30$41.7M$106.9M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$275K2010-09-27
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$650K2012-10-09
    • Raised again after 24 mo — slower than the ~12 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 6 investors on this round.
  3. Series A$10.0M2014-04-28
    • Raised again after 19 mo — slower than the ~12 mo sector norm.
    • Round 15.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 31 investors on this round.
  4. Series D+$129.5M2015-07-21
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round 13.0× larger than the prior — scaling up.
    • 8 investors on this round.
  5. Series D+$10.0M2016-03-15
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 12.9× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  6. Series D+$3.5M2016-10-20
    • Raised 7 mo later, in step with the ~12 mo sector norm.
    • Round 2.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  7. Series D+$14.5M2016-11-15
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 4.1× larger than the prior — scaling up.
    • 2 investors on this round.
  8. Series D+$300.0M2017-06-22
    • Raised 7 mo later, in step with the ~12 mo sector norm.
    • Round 20.7× larger than the prior — scaling up.
    • 4 investors on this round.
  9. Series D+$2.5M2017-11-16
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 120.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  10. Series D+$130.0M2019-10-01
    • Raised again after 22 mo — slower than the ~12 mo sector norm.
    • Round 52.0× larger than the prior — scaling up.
    • 4 investors on this round.
  11. Series D+$20.0M2019-10-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.5× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  12. Series D+$130.0M2019-12-27
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 6.5× larger than the prior — scaling up.
    • 2 investors on this round.
  13. Series D+$127.5M2020-04-07
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 52 investors on this round.
  14. Series D+$8.0M2020-05-21
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 15.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  15. Series D+$118.9M2020-07-30
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round 14.8× larger than the prior — scaling up.
    • 14 investors on this round.
  16. Series D+$66.0M2020-09-03
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  17. Series D+$988K2020-10-29
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round 66.8× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  18. Series D+$5.0M2020-12-30
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round 5.1× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~7mo cadence
$15.0M
Modeled next size est.range $9.8M$24.0M
5.1×
Last step-up
$105.0M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Brad Feld28 other2015-07
Matt Harris8 other2015-07
Nigel Morris8 other2016-03
James Anderson7 other2020-04
Hans Morris2 other2016-03
Steve McLaughlin2 other2016-03
Steven McLaughlin2 other2019-10
Ross Agre1 other2016-03
Amy David Radke2012-10
Boehm Steve2017-11
C. David Miller2010-09
Christopher S. Tinsley2014-04
Colleen Taylor2017-06
Dwight David Sawin2010-09
Hans David Morris2015-07
Hans David Zandhuis2014-04
Jaysen C. Plueger2014-04
Jim Hausman2010-09
Joel Wilhite2017-06
Karen Bertaux2016-03
Karen David Bertaux2015-07
Michael David Praeger2010-09
Michael Praeger2015-07
Nicolas Westphal2017-06
Registry & provenance

AvidXchange, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1117565
SEC CIK
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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
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AdaptX, Inc.Other TechnologySeries A$9.0M79%
AvidHrt IncOther TechnologyPre-Seed$801K79%
Original Shift Inc.Business ServicesPre-Seed$5.8M79%
ForgeDX Holdings, LLCBusiness ServicesSeed$38.1M78%
Fixe, Inc.Business ServicesSeed$2.8M78%
Frequently asked
How much funding has AvidXchange, Inc. raised?
AvidXchange, Inc. has raised approximately $1.1B in disclosed capital across 18 recorded financing rounds, aggregated from public filings.
What is AvidXchange, Inc.'s estimated valuation?
Provath's modeled valuation for AvidXchange, Inc. is approximately $106.9M (modeled range $28.9M–$221.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is AvidXchange, Inc. at?
AvidXchange, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Dec 30.
What does AvidXchange, Inc. do and where is it based?
AvidXchange, Inc. operates in the Business Services sector, based in CHARLOTTE.
Explore related

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