Total amount raised
$1.6 Billions
Latest funding date
06/01/2024
Location
Xero offers cloud-based accounting software designed for small businesses and solopreneurs, featuring paperless record-keeping, automated bank transaction reconciliation, and customizable reporting. The platform supports various business types and provides onboarding support for the first 90 days.
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 to help small businesses and solopreneurs manage their finances efficiently. The software offers features like automated bank transaction reconciliation, invoicing, expense tracking, and financial reporting.
Operating in the accounting software industry, Xero aims to save users time and provide them with smart data insights to make informed business decisions. The platform supports various business types, including construction, real estate, and retail, and offers specialized resources for accountants and bookkeepers.
New users can take advantage of a free one-month trial and onboarding support to help them get started with the platform.
How Much Funding Has Xero Raised?
- Post-IPO Equity
- Amount Raised: $13.6M
- Date: April 2009
- Lead Investors: -
- Post-IPO Equity
- Amount Raised: $3M
- Date: October 2010
- Lead Investors: Valar Ventures
- Post-IPO Equity
- Amount Raised: $16.6M
- Date: February 2012
- Lead Investors: Valar Ventures
- Post-IPO Equity
- Amount Raised: $49M
- Date: November 2012
- Lead Investors: Matrix Capital Management
- Post-IPO Equity
- Amount Raised: $150M
- Date: October 2013
- Lead Investors: -
- Post-IPO Equity
- Amount Raised: $110.8M
- Date: February 2015
- Lead Investors: Accel
- Post-IPO Equity
- Amount Raised: $26.4M
- Date: April 2017
- Lead Investors: TCV
- Post-IPO Debt
- Amount Raised: $300M
- Date: September 2018
- Lead Investors: -
- Post-IPO Debt
- Amount Raised: $925M
- Date: June 2024
- Lead Investors: -
In total, Xero has raised $1.5944 billion through 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, e-commerce
- 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, Zendesk, Square
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders to build world-class businesses. The firm has a strong track record in early and growth-stage investments.
- Investment Focus Areas: Software, internet, consumer services
- Notable Investments: Facebook, Slack, Dropbox
- TCV
- Details: TCV, or Technology Crossover Ventures, is a private equity and venture capital firm. It focuses on investing in high-growth technology companies.
- Investment Focus Areas: Software, internet, financial technology
- Notable Investments: Netflix, Spotify, Airbnb
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