When was Xello founded?

Xello was founded in 1997 and raised its 1st funding round 23 years after it was founded.

Where is Xello located?

Xello is headquartered in Toronto, Canada.

How many employees does Xello have?

As of Aug 31, 2026, the latest employee count at Xello is 264.

Is Xello a funded company?

Xello is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on May 07, 2020.

When was the latest funding round of Xello?

Xello's latest funding was a $***** PE round on May 07, 2020, with participation from 1 investor. Its primary sector is K-12 EdTech. Globally, the K-12 EdTech sector has seen $337M in funding in 2026 to date.

Where does Xello rank among its competitors?

Xello ranks 3rd amongst 928 active competitors, of which 84 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Mindprint Learning, which secured $1.66M in Jun, 2025.

Who are the top competitors of Xello?

Xello's top competitors include Renaissance, Formative and Smartail. Among them, Mindprint Learning secured the most recent funding round in June, 2025.

Xello - 2026 Company Profile, Team, Funding & Competitors

Xello is a late stage company based in Toronto (Canada), founded in 1997 by Matt McQuillen. It operates as a Provider of an online platform for developing technical and soft skills in students. Xello has raised an undisclosed amount in funding from Canadian Business Growth Fund. The company has 928 active competitors, including 84 funded and 41 that have exited. Its top competitors include companies like Renaissance, Formative and Smartail.

Company Details

Xello provides an online platform for developing technical and soft skills in students. It provides students with "Xello", an online platform through which students can create profiles and learn skills required in colleges and various jobs. It offers features such as student data reporting, self-assessment tools, personalized student portfolios, etc. It provides educators with data reports, communication and course management, etc.

Website: xello.world/en/
Social
Email ID: *****@xello.world
Phone Number: +1 **********

Key Metrics

Founded Year

1997

Location

Toronto, Canada

Stage

Late Stage

Latest Funding Round

PE, May 07, 2020, $*****

Investors

Canadian Business Growth Fund & 1 more

Ranked

3^rd among 928 active competitors

Employee Count

264 as on Aug 31, 2026

Investment & Acquisitions

Awato

Similar Companies

Renaissance & 782 more

View Xello's full profile

Xello has raised funding over 1 round. Its latest funding round was a PE round on May 07, 2020 for $*****. 1 investor participated in its latest round. Xello has 2 institutional investors.

Here is the list of recent funding rounds of Xello:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 07, 2020	6340942	PE	5723153	4674481	1523620	6648258

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View details of Xello's funding rounds and investors

The founders of Xello is Matt McQuillen. Matt McQuillen is the CEO of Xello.

Here are the details of Xello's key team members:

Matt McQuillen: Co-Founder & CEO of Xello.
Contact Info: 1 email address

View details of Xello's Founder profiles and Board Members

Xello's employee count trend

Xello has 264 employees as of Aug 26. Here is Xello's employee count trend over the years:

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Top competitors of Xello include Renaissance, Formative and Smartail. Here is the list of Top 10 competitors of Xello, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Renaissance 1986, Wisconsin Rapids (United States), Acquired	K-12 cloud based assessment, teaching, and learning solutions	$40M	CapitalG, Hellman & Friedman & 15 others	69/100
2nd	Formative 2013, Santa Monica (United States), Acquired	Online platform offering real-time instruction tools for educators	$70M	Summit Partners, MaC Venture Capital & 5 others	65/100
3rd	Xello 1997, Toronto (Canada), Late Stage	Provider of an online platform for developing technical and soft skills in students	-	Canadian Business Growth Fund, Fusion Partners	57/100
4th	Smartail 2019, Chennai (India), Seed	AI-based content and learning management system	$47.8K	MYCap Investments, Leaders For India Organization ... & 1 others	55/100
5th	Turnitin 2000, Oakland (United States), Acquired	Provider of plagiarism detection and assessment platform for teachers	-	Georgian, Ares Capital Corporation & 9 others	54/100
6th	Mindprint Learning 2013, Princeton (United States), Acquired	Online platform offering cognitive assessment learning solutions for children	$2.2M	Martinson Ventures, EduLab Capital Partners ... & 5 others	53/100
7th	Geekie 2011, Sao Paulo (Brazil), Series B	Learning management system provider for schools	$7M	Mitsui, Omidyar Network & 3 others	52/100
8th	TagHive 2017, Seoul (South Korea), Series A	Provider of AI-powered, Bluetooth clicker-based educational solutions for students and teachers	$2.5M	Forest Partners, Samsung Venture Investment ... & 2 others	51/100
9th	Peergrade.io 2015, Copenhagen (Denmark), Seed	Peer assignment grading and feedback tool	$1.92M	Learn Capital, Project A & 7 others	51/100
10th	Eedi 2015, London (United Kingdom), Series A	Developer of diagnostic engines and infrastructure for educational assessment tools	$3.87M	LEGO Ventures, HV Capital & 5 others	50/100