- Funding Received
- $244.2 Million in 6 Rounds from 5 Investors
- Most Recent Funding
- $150 Million Private Equity on October 13, 2013
- Xero provides cloud accounting software and services for accounting professionals and small businesses, with over 300,000 global customers
- Hamish Edwards
- Personal Finance, CRM, Collaboration, Banking, SaaS, Business Services, Billing, Finance, Accounting, Software
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 300,000 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. In 2013, the company was named by Forbes as the #1 Most Innovative Growth Company in the world.
Past Team (4)Update
Funding Rounds (6) - $244.2MUpdate
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- 04/17/13 -techcrunch.com