Xero is a New Zealand-based software company that develops cloud-based accounting software for small and medium-sized businesses.
Xero has offices in New Zealand, Australia, the United Kingdom, the United States and Singapore. It is listed on both the New Zealand Exchange and Australian Securities Exchange.
Xero was founded by Rod Drury and his personal accountant when they felt that traditional desktop accounting software had become outdated and decided to create a modern cloud-based product. Xero Limited was officially formed in 2006 in Wellington, New Zealand where its global headquarters are still located. The company entered the Australian market and the United Kingdom in 2008, and United States in 2011.
Xero has a Total amount of $381.4M in Funding from 8 Rounds. Their Lead Investors includes Accel Partners, Matrix Capital Management, TCV etc. Xero went public on Jun 15, 2007.