Charlotte, North Carolina-based AvidXchange, a provider of accounts payable and payment automation, has closed $225 million in funding. Bain Capital Ventures led the round with participation from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank and TPG Special Situations Partners.
Abra, a remittance service built on top of the Blockchain, has closed $12 million in Series A funding. Investors in the round include Arbor Ventures, RRE Ventures, and First Round Capital. Total funding to date by the company now totals $14 million.
Less than six months after announcing a $40 million Series B investment, alternative lending startup Fundbox has closed on another $50 million in funding to provide small businesses with the immediate cash they need to stay afloat.
Orchard Platform, which provides technology and infrastructure to online lenders, said on Thursday it raised $30 million in a recent round of funding, becoming the latest marketplace lending company to attract investment.
Orchard’s existing investors include former Thomson Reuters Corp CEO Tom Glocer and ex-Morgan Stanley CEO John Mack as well as venture firms Spark Capital, Canaan Partners, QED Investors, NYCA and Conversion Capital, who all also participated in the round.
With its new financing, led by experienced lending investor August Capital with participation from the New York financial services investment firm Nyca Partners, CommonBond will look to expand its headcount and lay the groundwork for its entrance into other markets…