Fundraising Fox
Xero
Wellington, NZ · Founded 2006 · New Zealand corporation · 6,101 employees on LinkedIn · 4 known investors
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Xero provides cloud-based accounting software for small businesses and their advisors, serving around 5 million customers across 180+ countries including Australia, the UK, the US, and New Zealand. The page is an investor relations section covering financial results, annual reports, and shareholder information.
Founders & leadership
Xero was founded in 2006 by Rod Drury.
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Rod DruryFounderRod Drury founded Xero, a cloud-based accounting software platform for small businesses now operating in over 180 countries with millions of customers. He previously created multiple technology companies and currently serves as a shareholder while contributing to company strategy and pursuing philanthropic infrastructure initiatives.
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Andy Larkchief marketing and business officer2014–2017Andy Lark holds a bachelor's degree from Auckland University and has served as chief marketing and revenue officer at Xero, where he led marketing strategy as the company scaled to serve millions of users globally; he has also held senior marketing and executive roles at Dell, Sun Microsystems, Nortel, Commonwealth Bank, and Foxtel, and currently leads marketing and digital strategy at Dubber as chief customer officer.
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Angus NortonChief Product Officer2014–2016Angus Norton is Chief Executive Officer of Inteum, an IP management software platform for university technology transfer offices. He spent 18 years at Microsoft culminating as VP of Product Marketing for Office 365, was the first Chief Product Officer at Xero during its early growth, served as General Manager at Amazon Web Services launching enterprise SaaS applications, and held a VP of Product role at Cisco.
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Douglas JeffriesChief Financial Officer
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Ross JenkinsChief Operating Officer
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Duncan RitchieChief Product and Platform Officer2013–2017Duncan Ritchie previously served in executive leadership roles at Xero during its expansion to over 1 million customers, overseeing product, engineering and platform functions. He is currently CEO of Upstock, a B2B SaaS platform, which he has led since 2019 across New Zealand, Australia and the United States.
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Sukhinder Singh CassidyCEOShe serves on the boards of Ericsson, Urban Outfitters, TripAdvisor, Upstart, Stitchfix, and J.Crew, and is an active angel investor.
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Craig WalkerFounder
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Gary TurnerFounder
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Hamish EdwardsFounder
Board
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Craig WinklerBoard director
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Sam MorganBoard director
Investors · 4
Accellisted by AccelPalo Alto · $500K – $100M
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
Glitch Capitallisted by Glitch Capital
How we know: Glitch Capital's portfolio page · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$110.8M disclosed across 1 of 2 rounds · 2010–2015
▶$110.8MraisedMar 2015 · 15 investors · Other TechnologyRule 506(b)
▶$110.8MraisedMar 2015 · 15 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Matt VaughanExecutive Officer
- William VeghteDirector
- Graham SmithDirector
- Andy LarkExecutive Officer
- Craig WinklerDirector
- Angus NortonExecutive Officer
- Douglas JeffriesExecutive Officer
- Rodney DruryExecutive Officer, Director
- Ross JenkinsExecutive Officer
- Duncan RitchieExecutive Officer
- Sam MorganDirector
- Craig ElliottDirector
- Lee HattonDirector
- Chris LiddellDirector
- Graham ShawDirector
- Offering amount
- $110.8M
- Amount sold
- $110.8M
- Sales commissions
- $2M
- Placement agents
- Morgan Stanley & Co. LLC
- First sale
- Mar 2015
- Incorporated
- Corporation, New Zealand
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
The Xero mafia →15 people who came through Xero went on to found or lead other companies.
Sukhinder Singh CassidyCEOFounded Yodlee +1Alex BardAdvisorFounded Campaign MonitorSteven AldrichBoard MemberFounded Posit ScienceJacob DuligallSenior Software EngineerFounded IvoIan VacinVice President, Marketing & ProductFounded KarbonBen Richmond CAVice President- Business Growth, America’s at XeroFounded WagepointPhilip FierlingerCo-founder, Head of DesignFounded UpstockDuncan RitchieChief Platform OfficerFounded UpstockSankar NarayanChief Operating and Financial OfficerFounded SiteminderTony WardPresident & CEO, The Americas at XeroFounded Ask NicelyJohn FreemanVP, Payroll Product DevelopmentFounded KarbonPenelope BartonPeople Experience - Global Marketing (Contract)Founded Crimson
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In the news
Frequently asked questions
- What does Xero do?
- Xero provides cloud-based accounting software for small businesses and their advisors, serving around 5 million customers across 180+ countries including Australia, the UK, the US, and New Zealand. The page is an investor relations section covering financial results, annual reports, and shareholder information.
- Who founded Xero?
- Xero was founded by Rod Drury in 2006.
- Who are Xero's investors?
- Xero's investors include Accel, Glitch Capital, Valar Ventures Llc, TCV.
- How much funding has Xero raised?
- Xero has disclosed $110.8M raised across 1 of its 2 known rounds.
- Where is Xero headquartered?
- Xero is headquartered in Wellington, NZ.