AvidXchange

AvidXchange has raised $1.18 billion through multiple rounds, including three Series F financings in 2020 led by Sapphire Ventures and institutional investors. Founded in 2000, the company provides AP automation and payment software that digitizes invoices, automates approval routing, enables electronic payments, and supports supplier management. Funding has driven vertical expansion in real estate, utilities, and construction, as well as deeper ERP integrations and bank partnerships. With a valuation of $4.9 billion in October 2021, AvidXchange continues to scale its mid market payment infrastructure.