AvidXchange to break ground on second HQ building as part of $41M expansion

CHARLOTTE, N.C. — Charlotte-based AvidXchange Inc. will break ground in the fourth quarter on its second headquarters building, a $41 million investment that will help accommodate its growing workforce.

[AvidXchange to expand headquarters in Charlotte]

A second 201,000-square-foot building will be developed at the AvidXchange Music Factory campus just north of uptown, company executives announced at a press conference Thursday morning at AvidXchange’s headquarters.

It will mirror AvidXchange’s current headquarters building at the Music Factory. The sister facilities will be connected by a coffee shop, bistro-style restaurant and a 10,000-square-foot rooftop area.

“The expansion of our headquarters signifies more than being a rapidly growing fintech company. It represents the mark Charlotte is making as a center for innovation for other growing technology-focused companies,” Chief Executive Officer Mike Praeger said in a statement.

AvidXchange plans to invest in its expansion over five years, with more than 1,220 jobs to be added here during that time frame.

Read more and check out renderings here.

Cox Media Group