Xero Lands $150,000,000 New Financing

  • Feed Type
  • Date
    10/15/2013
  • Company Name
    Xero
  • Mailing Address
    101 Green St 5th Floor San Francisco, CA 94109
  • Company Description
    Xero is a global company with offices in the United States, United Kingdom, Australia and New Zealand. Xero is the emerging leader in online accounting software, providing business owners with real-time visibility of their financial position in a way that’s simple, smart and secure.
  • Website
    http://www.xero.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $150,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The new funding will empower the company to take on incumbent QuickBooks provider Intuit and accelerate its rapid growth and market adoption.
  • M&A Terms
  • Venture Investor
    Matrix Capital Management
  • Venture Investor
    Valar Ventures