Oct 18

Xero raises $US150m (by Rod Drury, CEO, Xero)

Posted by Mitch Uzelac at Friday, October 18, 2013

"It’s been a big week for us at Xero. Not only have we raised another $US150 million of funding, but we also have a brand new version of Xero Touch for iOS for you to download today.

More gas in the tank

We’re thrilled to announce that Xero has received $US150 million in funding from the brightest investors in technology including Peter Thiel’s Valar Ventures, Matrix Capital Management and Viking Global Investors. It’s a huge endorsement of what we’ve achieved to date and allows us to further invest to serve you even better in the future.
We’re no longer a startup working from an apartment. Our massive global customer number growth and more than $US190 million in the bank is further confirmation that we’re in this for the long haul.
You can read all about the capital raise and see a roundup of what the press had to say on our blog.

Reconcile from anywhere

We’re also thrilled to announce a new version of Xero Touch, our iOS app. We’ve had over 125,000 people download the current version of Xero Touch. It helps them send invoices on the run, keep track of expenses and more.
Without getting too technical, the last version of Xero Touch was not a “native” iOS app. Over the last 6 months we have fully rebuilt it as a first class iOS application so it’s quicker, slicker and we can innovate much faster from here on in. Please try our new Bank Reconciliation – we think it’s even more fun than before.
You can download the new Xero Touch here. A native version of Xero Touch for Android is in the works too and will be available soon.
And if you’re not using Xero Touch yet, you can get a great overview of what it can do in this new video on our blog.

Quick company update

Thanks to your support, Xero has grown to over 600 people. We’ve recently opened new offices in San Francisco, Denver and London so our team is growing around the world. As always, the best way to stay on top of all things Xero is to keep track of our blog.
Stay tuned for our Files release next week. It’s a game changer."

comments powered by Disqus