A consortium of investors led a $128m Series F round in AvidXchange.

Lone Pine Capital, Schonfeld Strategic Advisors, Pivot Investment Partners, Mastercard, Sixth Street Partners and Neuberger Berman, led a $128m Series F funding round in AvidXchange, an accounts payable and payment automation solutions provider. “We recognized the impact that AvidXchange could have on the B2B payments market prior to our initial investment in 2016 and are doubling down on our partnership as the adoption of automation technology continues to accelerate,” Dinkar Jetley, Pivot Investment Co-Founder and Partner.