About Xolo
Xolo is a company based in Tartu (Estonia) founded in 2015 by Mikko Teerenhovi and Erik Mell. 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 as of September 30, 2024. Xolo offers products and services including Xolo Go, Xolo Leap, and Invoicing Tool. Xolo operates in a competitive market with competitors including HoneyBook, Cosmofeed, Agenda Boa, Bonsai and Wethos, among others.
- Headquarter Tartu, Estonia
- Employees 167 as on 30 Sep, 2024
- Founders Mikko Teerenhovi, Erik Mell
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Xolo Oü
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Annual Revenue
$12.11 M (USD)42as on Dec 31, 2024
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Net Profit
$1.22 M (USD)204as on Dec 31, 2024
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EBITDA
$1.1 M (USD)181as on Dec 31, 2024
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Total Equity Funding
$11.93 M (USD)
in 3 rounds
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Latest Funding Round
$3.63 M (USD), Series A
Jun 15, 2021
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Investors
Taevast.com
& 6 more
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Employee Count
167
as on Sep 30, 2024
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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
People of Xolo
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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.
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 |
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Taevast.com is engaged in providing digital marketing and software solutions.
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Karma Ventures is focused on investing in deep-tech software startups.
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Tech focused Accelerator & VC firm investing primarily in the US, the UK and Finland
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Investor details for Xolo
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Investments & Acquisitions by Xolo
Investment portfolio details for Xolo
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Financial Statements - Xolo
Detailed financials for Xolo
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Xolo Comparisons
Peer comparison for Xolo
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Competitors of Xolo
Xolo 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 HoneyBook, Cosmofeed, Agenda Boa, Bonsai and Wethos, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Client workflows are automated and managed by HoneyBook software.
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Platform offering a suite of products for creators and soloprenuers to monetize digital content
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Online platform for freelancers to manage their projects and business
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Cloud-based platform for freelance contract and payment management is offered.
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Cloud-based freelancer platform for business management
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Detailed competitors of Xolo
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Latest news on Xolo
Complete news archive for 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 current CEO of Xolo. They have also founded this company.
Xolo is a funded company, having raised a total of $11.93M across 3 funding rounds to date.
As of Sep 30, 2024, the latest employee count at Xolo is 167.
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.