The latest AvidXchange round follows $260 million in equity capital raised earlier this year. The funds are being used to support the payments company’s growth. Investors include Lone Pine Capital, Schonfeld Strategic Advisors, Pivot Investment Partners, Mastercard, Sixth Street Partners and Neuberger Berman on behalf of clients.
AVIDXCHANGE RAISED $128 MILLION Featured
AvidXchange has raised $128 million in additional equity financing. The round shows the continued interest in online payments, which included the December initial public offering of Bill.com shooting past initial pricing estimates.
