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