Total amount raised
$1.61 Billion
Latest funding date
2024-06-05
Location
Xero offers cloud-based accounting software designed for small businesses and solopreneurs, featuring tools like paperless record-keeping, automated bank transaction reconciliation, and customizable reporting. The platform also introduces JAX, an AI financial superagent that automates routine tasks and provides real-time business insights.
Keep reading to explore the intricacies of Xero's fundraising journey and the investors backing this innovative platform.
What Is Xero?
Xero is a company that provides cloud-based accounting software designed for small businesses and solopreneurs. The software includes features like automated bank transaction reconciliation, invoice reminders, and financial data analysis.
Founded in 2006, Xero has grown to serve over 4.6 million subscribers. The company supports its users with onboarding specialists and offers various pricing plans with promotional discounts.
Xero's software is designed to help businesses in various industries, including construction, real estate, and retail. The company also runs an affiliate program for publishers and influencers.
How Much Funding Has Xero Raised?
- Round Name: Post-IPO Equity
- Amount Raised: USD 16,600,000
- Date: February 2012
- Lead Investors: Valar Ventures
- Round Name: Post-IPO Equity
- Amount Raised: USD 49,000,000
- Date: November 2012
- Lead Investors: Matrix Capital Management
- Round Name: Post-IPO Equity
- Amount Raised: USD 150,000,000
- Date: October 2013
- Round Name: Post-IPO Equity
- Amount Raised: USD 110,800,000
- Date: February 2015
- Lead Investors: Accel
- Round Name: Post-IPO Equity
- Amount Raised: USD 26,400,000
- Date: April 2017
- Lead Investors: TCV
- Round Name: Post-IPO Debt
- Amount Raised: USD 300,000,000
- Date: September 2018
- Round Name: Grant
- Amount Raised: NZD 84,600
- Date: October 2020
- Lead Investors: Callaghan Innovation
- Round Name: Grant
- Amount Raised: NZD 79,560
- Date: September 2021
- Lead Investors: Callaghan Innovation
- Round Name: Post-IPO Debt
- Amount Raised: USD 925,000,000
- Date: June 2024
Xero has raised a total of USD 1,577,800,000 across various funding rounds.
Key Investors
- Valar Ventures
- Details: Valar Ventures is a venture capital firm co-founded by Peter Thiel. The firm focuses on early-stage investments in technology companies.
- Investment Focus Areas: Fintech, SaaS, Consumer Internet
- Notable Investments: TransferWise, N26, Bitpanda
- Matrix Capital Management
- Details: Matrix Capital Management is a private investment firm that manages a long/short equity hedge fund. The firm is known for its concentrated investment approach.
- Investment Focus Areas: Technology, Healthcare, Consumer Goods
- Notable Investments: HubSpot, Square, Facebook
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders to build world-class businesses. The firm has a long history of successful investments in technology companies.
- Investment Focus Areas: Software, Internet, Mobile
- Notable Investments: Facebook, Slack, Dropbox
- TCV
- Details: TCV, or Technology Crossover Ventures, is a private equity and venture capital firm. The firm focuses on growth-stage investments in technology companies.
- Investment Focus Areas: Software, E-commerce, Fintech
- Notable Investments: Netflix, Spotify, Airbnb
- Callaghan Innovation
- Details: Callaghan Innovation is a New Zealand government agency that supports innovation and research and development in businesses. The agency provides grants and funding to foster technological advancements.
- Investment Focus Areas: Technology, Research and Development, Innovation
- Notable Investments: Not publicly disclosed
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Xero and gather other critical business insights. Sign up for free and start leveraging these powerful tools today.
