About Xero
Xero is a company based in Wellington (New Zealand) founded in 2006.. The company has 4,610 employees as of March 31, 2024. Xero has completed 11 acquisitions, including Hubdoc, Instafile and LOCATE. Xero offers products and services including Xero Accounting Software, Invoicing Tool, and Payroll Management. Xero operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and FreshBooks, among others.
- Headquarter Wellington, New Zealand
- Employees 4610 as on 31 Mar, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Xero Limited
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Annual Revenue
$1.18 B (USD)20.49as on Mar 31, 2024
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Net Profit
$128.46 M (USD)28.1as on Mar 31, 2024
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EBITDA
$363.92 M (USD)21.55as on Mar 31, 2024
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Latest Funding Round
$26.4 M (USD), Post-IPO
Apr 18, 2017
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Investors
Accel
& 3 more
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Employee Count
4610
as on Mar 31, 2024
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Investments & Acquisitions
Hubdoc
& 10 more
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IPO & Listings of Xero
Xero is a publicly listed company on the ASX with ticker symbol XRO in Australia, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Xero
Xero offers a comprehensive portfolio of products and services, including Xero Accounting Software, Invoicing Tool, and Payroll Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based tool for real-time financial management and invoicing.
Feature for creating and sending online invoices quickly.
System to handle employee payroll and tax calculations efficiently.
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Software Development Team
239 people
Product Management Team
127 people
Senior Team
116 people
Sales and Marketing
74 people
Lead Team
50 people
Leadership Team
42 people
Human Resources and Administration
39 people
Finance and Accounting
32 people
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Funding Insights of Xero
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $26.4M
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First Round
First Round
(07 Apr 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Post-IPO - Xero | Valuation |
investors |
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| Mar, 2015 | Amount | Post-IPO - Xero | Valuation |
investors |
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| Oct, 2013 | Amount | Post-IPO - Xero | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Xero
Xero has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Accel, TCV and Matrix. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Xero
Xero has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Hubdoc, Instafile and LOCATE. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Vendor payments are managed through accounts payable solutions.
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2018 | ||||
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Tax management solutions for businesses
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2016 | ||||
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Cloud-based financial reporting and analytics software is offered for businesses.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Xero
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xero Comparisons
Competitors of Xero
Xero operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Clear, Wave and FreshBooks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Xero
Frequently Asked Questions about Xero
When was Xero founded?
Xero was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is Xero located?
Xero is headquartered in Wellington, New Zealand.
Who is the current CEO of Xero?
Steve Vamos is the current CEO of Xero.
How many employees does Xero have?
As of Mar 31, 2024, the latest employee count at Xero is 4,610.
What is the annual revenue of Xero?
Annual revenue of Xero is $1.18B as on Mar 31, 2024.
What does Xero do?
Xero was founded in 2006 in Wellington, New Zealand, as a provider of cloud-based accounting software targeted at small and medium-sized businesses. Operations focus on tools for invoicing, accounts payable, expense tracking, asset management, purchase orders, financial reporting, and bank reconciliation. Specialized features like cashbook and ledger are included for accountants. A mobile application is supported on Android and iOS devices.
What products or services does Xero offer?
Xero offers Xero Accounting Software, Invoicing Tool, and Payroll Management.
Is Xero publicly traded?
Yes, Xero is publicly traded on ASX under the ticker symbol XRO.
How many acquisitions has Xero made?
Who are Xero's investors?
Xero has 4 investors. Key investors include Accel, TCV, Matrix, and Valar Ventures.
What is Xero's ticker symbol?
The ticker symbol of Xero is XRO on ASX.
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