Today we are very excited to announce Xero has raised a further US$150 million of new capital from a range of investors including existing shareholders.
This is a very high quality funding round with our existing large investors Peter Thiel and Matrix Capital Management continuing to support us as we grow value. We have added some of the smartest and largest technology investors on the planet shaping our register for success in the USA.
This capital raise allows us to continue building the world’s best team and our vision of supporting millions of small business customers and their advisors worldwide. It’s a clear endorsement of what we’ve achieved to date and sends a strong message on our aspirations.
For our customers, Xero has the financial footing to continue to build the world class team and tools to support your business for many years to come. For our accounting and bookkeeping partners, Xero has become the safe bet for your practice needs and will continue to deliver a wall of innovation to improve your productivity and profitability.
Thank you to those existing shareholders coming in again and our new shareholders that join our team. We truly appreciate the advice you give us and the access to your networks.
A special shout out to Xero CFO Ross Jenkins who has built relationships with the smartest investors in the industry and drove this round – bringing it together quickly and professionally. Also a sincere thanks to James Lee from First New Zealand Capital who worked hard with our local investors and many parties overseas.
On behalf of all of us at Xero, thank you again in your trust in us and allowing us to build a special global company.
We’ve put together a Storify selection of responses to the news. We welcome any questions in the comments below.