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FT Partners Advises AvidXchange on its Growth Equity Investment

FT Partners Advises AvidXchange on its Growth Equity Investment

Overview of Transaction

  • On April 28, 2014, AvidXchange, Inc. ("AvidXchange" or the "Company") received a $10 mm growth equity investment
  • By far one of the most successful, fastest growing B2B SaaS-based integrated payments companies, AvidXchange is a leading provider of automated / electronic payables and invoice payment solutions
  • AvidXchange is integrated into over 40+ accounting systems today

Significance of Transaction

  • $10mm investment significantly over-subscribed
  • The transaction positions AvidXchange to pursue additional verticals / horizontals and integration opportunities while accelerating its growth rate organically

FT Partners' Role

  • FT Partners served as sole / exclusive strategic and financial advisor to AvidXchange's Founders / Board in this financing process
  • Transaction highlights FT Partners' ability to execute highly strategic and confidential transactions without disrupting senior management team execution
  • FT Partners continued its long-term relationship with AvidXchange having previously advised on its investment from Boathouse Capital and its acquisition of EnergySolve in November 2010