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General Information

Offices

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People

CEO
Co-founder
non-exec director
non-exec director
Chairman
Chairman
non-exec director
non-exec director

Funding

TOTAL $232M
FUNDING TOTAL $232M
Venture Round, 4/2009
Craig Winkler
$13.6M
Venture Round, 10/2010
Peter Thiel
$3M
Venture Round, 2/2012
Peter Thiel
Craig Winkler
Sam Morgan
$16.6M
Venture Round, 11/2012
Valar Ventures
Matrix Partners
$49M
Venture Round, 10/2013
Valar Ventures
Matrix Partners
$150M

Competitors

Tags

Xero

Xero provides online accounting software and services for small and medium businesses. It includes a full accrual accounting system with a cashbook, automated daily bank feeds, invoicing, debtors, creditors, sales tax and reporting.

Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange. It has over 200,000 users and paying customers in more than 100 countries. Xero is most active in New Zealand, Australia, the United Kingdom, and the United States.

Xero’s Software as a Service business model where software is hosted on the Internet as an innovative means of supplying solutions to large fragmented markets such as small businesses. Xero releases new features approximately every month. Additions and extensions to functionality are developed in response to the needs of new customers and new industries.

Xero is a Microsoft Gold Certified Partner. The Xero software is developed using Microsoft’s .NET development environment, over a multi-tenanted SQL Server 2008 database, on a Windows 2008 production server infrastructure. Our production servers are hosted by Rackspace, a tier-one NASDAQ listed hosting provider, which monitors our servers and firewalls 24/7/365 at guarded facilities. Xero has also implemented a global Content Delivery Network with Akamai for faster application delivery to customers around the world.

We have made a significant investment in this global production hosting platform, providing it with the capacity for future growth and ensuring security of customer data.

In 2009, Xero won two Webby Awards for world-class software usability and design. In 2012, Xero was a recipient of the Fast Company Innovation by Design Award in the Service Design category.

Recent Milestones

  • Dollar
    Xero received $150M in Venture Round funding. (10/13/13)
    Posted 10/13/13 at 6:24pm via techcrunch.com
  • Dollar
    Xero received $49M in Venture Round funding. (11/29/12)
    Posted 11/29/12 at 9:31pm via techcrunch.com
  • Dollar
    Xero received $16.6M in Venture Round funding. (2/3/12)
    Posted 2/3/12 at 6:34pm via venturebeat.com
  • Check
    Xero added Stuart McLeod as VP - Global Payroll. (8/1/11)
    Posted 2/28/14 at 1:39pm
  • Dollar
    Xero received $3M in Venture Round funding. (10/22/10)
    Posted 10/23/10 at 2:42am via techcrunch.com
  • Dollar
    Xero received $13.6M in Venture Round funding. (4/7/09)
    Posted 4/20/09 at 11:30am via co.nz
  • Dollar
    Xero received $12M in Post IPO Equity funding. (6/1/07)
    Posted 2/27/12 at 12:41am via xero.com
  • Check
    Xero added Hamish Edwards as Co-founder.
    Posted 10/19/10 at 1:53am
  • Check
    Xero added Craig Winkler as non-exec director.
    Posted 10/19/10 at 1:53am
  • Check
    Xero added Sam Morgan as non-exec director.
    Posted 10/19/10 at 1:53am
  • Check
    Xero added Phil Norman as Chairman.
    Posted 10/19/10 at 1:53am
  • Check
    Xero added Guy Haddleton as Independent Director.
    Posted 7/31/13 at 6:11pm
  • Check
    Xero added Rod Drury as CEO.
    Posted 1/13/09 at 11:17am

Videos

Above:

Xero accounting software – connecting accountants to small business

Added: 3/31/14
Above:

Xero demoing at FinovateEurope 2011

Added: 3/31/14
Above:

Xero demoing at FinovateSpring 2011

Added: 3/31/14

Screenshots

Products

Xero

Websitexero.com
Blogblog.xero.com
StageLive
Launch DateAugust, 2007
Tags accounting, bookkeeping, financial, management, crm, invoicing, banking, business
Xero screenshot
Above: Xero Dashboard
Uploaded: 9/11/08
Xero screenshot
Above: Xero Dashboard
Uploaded: 9/11/08
Xero screenshot
Above: Xero Bank Reconciliation
Uploaded: 9/11/08

Traffic Analytics

Compete

Xero

Sources

  1. Xero IPO Successful (xero.com) [edit]
  2. MYOB founder helps Xero raise $23m for global push (nbr.co.nz) [edit]
  3. Peter Thiel Invests $3 Million In Xero To Support Its US Expansion (techcrunch.com) [edit]
  4. Small business accounting service Xero raises $16.6M (venturebeat.com) [edit]
  5. Peter Thiel And Existing Investors Put Another $49 Million In Accounting Software Company Xero (techcrunch.com) [edit]
  6. Xero Zeros In On Another $150M To Do Battle With Intuit In The World Of Online SMB Accounting Software (techcrunch.com) [edit]
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Last Edited 3/31/14

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