CDPQ co-leads $300 mln growth financing of AvidXchange

Caisse de dépôt et placement du Québec has made a $100 million growth equity investment in AvidXchange, a Charlotte, North Carolina-based provider of accounts payable and payment automation solutions. The investment was part of a $300 million funding round with contributions from Mastercard, Temasek and Peter Thiel. FT Partners served as strategic and financial adviser to AvidXchange on the transaction.

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