About Xolo
Xolo is a Technology company based in Tartu (Estonia) founded in 2015 by Mikko Teerenhovi and Erik Mell. Invoicing and compliance solutions are provided for independent professionals. Xolo has raised $11.93 million across 3 funding rounds from investors including Taevast.com, Karma Ventures and Vendep Capital. The company has 167 employees. Its chief executive, as recorded, is Mikko Teerenhovi. Its website xolo.io draws about 206 thousand monthly visits. Xolo offers products and services including Xolo Go, Xolo Leap, and Invoicing Tool. Its focus areas include Gig Economy, Freelancer IT and Business Management. Its legal entity is Xolo OÜ.
Company details
Business solutions for independent professionals were established by Xolo in 2015, based in Tartu, Estonia. Tools for financial management, tax processing, and administrative tasks are offered within the fintech sector. Invoicing and payment handling are supported for solopreneurs, along with assistance in business registration and regulatory compliance. Operations aim to address administrative challenges faced by freelancers and self-employed individuals across Europe.
- Headquarters Tartu, Estonia
- Employees 167
- Founders Mikko Teerenhovi, Erik Mell
- SectorsTechnology
- Email••••••••
- Website xolo.io/zz-en
- Social LinkedIn X Facebook Instagram
- Legal Name Xolo Oü
- Annual Revenue$12.11 M (USD)42as on Dec 31, 2024
- Net Profit$1.22 M (USD)204as on Dec 31, 2024
- EBITDA$1.1 M (USD)181as on Dec 31, 2024
- Total Equity Funding$11.93M (USD)
in 3 rounds
- Latest Funding Round$3.63M (USD), Series A
Jun 2021
- InvestorsTaevast.com
& 6 more
- Employee Count167
Products & Services of Xolo
Xolo offers a comprehensive portfolio of products and services, including Xolo Go, Xolo Leap, and Invoicing Tool.
Tool for invoicing and payments without a company
Platform for running e-Residency companies remotely
System to send and schedule professional invoices
Funding Insights of Xolo
Xolo has successfully raised a total of $11.93M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.63 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11.93M
- Total Rounds 3
- Last Round Series A — $3.63M
- First Round $1.53M
(Oct 2017)
- Investors Count 7
All 3 funding rounds of Xolo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $3.63M | Series A | – | Karma Ventures, Vendep Capital | |
| Jul 2019 | $6.76M | Series A | – | Karma Ventures, Vendep Capital | – |
| Oct 2017 | $1.53M | Seed | – | – | – |
7 investors in total: 4 institutional and 3 angel.
Investors in Xolo
Xolo has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Taevast.com, Karma Ventures and Vendep Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Taevast.com is engaged in providing digital marketing and software solutions. | taevast.com | |||
Karma Ventures is focused on investing in deep-tech software startups. | karma.vc | Tallinn, Estonia | ||
Tech focused Accelerator & VC firm investing primarily in the US, the UK and Finland | vendep.com | Espoo, Finland | ||
| leap.vc | ||||
TH Taavet Hinrikus | unknown_4df66820b08c43308 | |||
JT Jaan Tallinn | Co-founder of Skype, angel investor, focused on AI and tech innovation | unknown_d30844318762459a9 | ||
AP Andrew Prozes | unknown_ee4bfe0650e346a49 |
Investor details for Xolo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Xolo
34 people are tracked at Xolo (14 in leadership, 20 in team); the tracked headcount is 167.
| Name | Role | Group |
|---|---|---|
Mikko Teerenhovi | Co-Founder & CEO | Leadership |
Erik Mell | Co-Founder | Leadership |
Sirli Trahv | Head of Finance Team | Leadership |
Maarja-Liis Mereäär | Head of Service Delivery Support | Leadership |
Maarja-Liisa K. | Head Of Accountants | Leadership |
Piret Kerem | Chief Operating Officer | Leadership |
Eleonore Typhaine Fernández | Head of Business Development | Leadership |
Annika Jurs | Chief Financial Officer | Leadership |
Kristin Kirštein | Head of Partnerships | Leadership |
Evelyn Nigul | Head Of Finance | Leadership |
Irina García | Head of Operations | Leadership |
Kristina Toom | Head of Service Delivery Support | Leadership |
Bernadett Tolnai | Head Of Product Marketing | Leadership |
Mirko La Porta | Head of Consulting and Tax Specialist - StudioLaPorta | Leadership |
Kaarel Jõgeva | Senior Developer | Team |
Lauri Kruuda | Product Manager | Team |
Merje Niilus | Accountant | Team |
Kristel Kuldhaamer | Team Manager | Team |
Katre Soone | Accountant | Team |
Siret Link | Accountant | Team |
14 more people are available in the full profile.
Complete people profiles for Xolo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Xolo
3 dated milestones of Xolo across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Xolo is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series A, of $3.6M.
Web traffic of Xolo
The website of Xolo (xolo.io) receives about 206.2K visits a month.
- Monthly visits206.2K
▼ 7.8% vs previous month
Websites whose visitors overlap most with Xolo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ruul.io | 100% | 202.9K | #174,170 | View details | |
| fattureincloud.it | 99% | 5.6M | #6,427 | View details | |
useme.com | useme.com | 98% | #73,811 | – | |
| figma.com | 97% | 84.7M | #221 | View details | |
| upwork.com | 96% | 38M | #886 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Xolo
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Related news about Xolo
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Frequently Asked Questions about Xolo
Xolo was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Xolo is headquartered in Tartu, Estonia.
Mikko Teerenhovi is the CEO of Xolo, as recorded in our data. They have also founded this company.
Xolo is a funded company, having raised a total of $11.93M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.53M, raised on Oct 2017.
Xolo has 167 employees.
Annual revenue of Xolo is $12.11M as on Dec 31, 2024.
Business solutions for independent professionals were established by Xolo in 2015, based in Tartu, Estonia. Tools for financial management, tax processing, and administrative tasks are offered within the fintech sector. Invoicing and payment handling are supported for solopreneurs, along with assistance in business registration and regulatory compliance. Operations aim to address administrative challenges faced by freelancers and self-employed individuals across Europe.
Xolo offers Xolo Go, Xolo Leap, and Invoicing Tool.
Xolo has 7 investors. Key investors include Taevast.com, Karma Ventures, Vendep Capital, Taavet Hinrikus, and Jaan Tallinn.
Xolo operates through Xolo Oü.
The website of Xolo receives about 206 thousand visits a month.