1 Acquisition
IPO / Stock
Went Public on Nov 16, 2012 / ASX:XRO
Wellington, Wellington
Xero provides beautiful cloud accounting software for accounting professionals and small businesses, with over 600,000 global customers
Collaboration, Personal Finance, SaaS, Banking, Accounting, Finance, Software, Billing

Company Details


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 400,000 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 2014, the company was named by Forbes as the #1 Most Innovative Growth Company in the world.

Funding Rounds (7) - $355M

DateAmount / RoundValuationLead InvestorInvestors
Feb, 2015$110.8M / Post Ipo Equity2
Oct, 2013$150M / Post Ipo Equity2
Nov, 2012$49M / Venture2
Feb, 2012$16.6M / Venture4
Oct, 2010$3M / Venture2
Apr, 2009$13.6M / Post Ipo Equity1
Jun, 2007$12M / Post Ipo Equity$55M0

Acquisitions (1)

Nov 5, 2014$4.13M in Cash

Current Team (20)


Products (1)

  • Xero was launched in 2007

Competitors (10)

  • Blinksale is a web platform and application that allows users to send invoices.
  • Clear Books provides online accounting software that includes bookkeeping and invoicing features for small businesses.
  • ClientBiller.com is an automatically recurring billing tool for online estimation and invoicing.
  • FreeAgent provides online accounting and money management software for small businesses and freelancers.
  • FreshBooks, cloud-based accounting software, allows owners to invoice clients, track time and run their small businesses in the cloud.
  • Intuit offers business and financial management solutions for SMBs, financial institutions, consumers and accounting professionals.
  • KashFlow is cloud-based accounting software that automates the booking process for small business owners.
  • MagniFinance is a cashflow management platform for MSMBs that will allow you to manage your businesses' money in just 5 daily minutes.

Partners (1)

  • BigCommerce is the leading ecommerce platform for fast-growing and mid-market brands.

Offices/Locations (7)

  • San Francisco Office

    101 Green Street

    5th Floor

    San Francisco, California 94111

    United States

  • Melbourne Office

    1/6 Elizabeth Street


    Melbourne, Victoria 3121


  • Headquarters

    3 Market Lane

    Wellington, Wellington 6024

    New Zealand

  • Sydney Office

    Suite 1 1 Mary's Place

    Sydney, New South Wales 2010


  • Auckland Office

    Level 1 69 St Georges Bay Road


    Auckland, Auckland

    New Zealand

  • Canberra Office

    Level 2, 33-35 Ainslie Avenue

    Canberra, Australian Capital Territory 2601


  • UK Office

    500 Avebury Boulevard

    Milton Keynes, Milton Keynes MK9 2BE

    United Kingdom

Past Team (18)


Past Event Appearances (13)

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