When was Xero founded?

Xero was founded in 2006 and raised its 1st funding round 3 years after it was founded.

Where is Xero located?

Xero is headquartered in Wellington, New Zealand. It is registered at 19-23 Taranaki St, Te Aro, Wellington, 6011, New Zealand.

How many employees does Xero have?

As of Aug 31, 2026, the latest employee count at Xero is 6086.

Is Xero a funded company?

Xero is a funded company, having raised an undisclosed amount across 7 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Apr 07, 2009.

When was the latest funding round of Xero?

Xero's latest funding was a $***** Post IPO round on Apr 18, 2017, with participation from 1 investor.

What is the annual revenue of Xero?

Annual revenue of Xero is more than $1B as on Mar 31, 2024

Where does Xero rank among its competitors?

Xero ranks 6th amongst 2354 active competitors, of which 186 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Pennylane, which secured $205M in Jan, 2026.

Who are the top competitors of Xero?

Xero's top competitors include Intuit, Pennylane and Deltek. Among them, Pennylane secured the most recent funding round in January, 2026.

Xero - 2026 Company Profile, Team, Funding, Competitors & Financials

Xero is a public company based in Wellington (New Zealand), founded in 2006. It operates as a Provider of accounting software and related tools for business management. Xero has raised an undisclosed amount in funding. The company has 2354 active competitors, including 186 funded and 152 that have exited. Its top competitors include companies like Intuit, Pennylane and Deltek.

Company Details

Provider of accounting software and related tools for business management. It offers solutions for managing finances, cash flow, and integrations with other business applications. The software supports tasks such as invoicing, expense tracking, and payment acceptance. It also provides resources for accountants and bookkeepers to manage clients and compliance workflows.

Website: www.xero.com/us/
Social
Registered Address: 19-23 Taranaki St, Te Aro, Wellington, 6011, New Zealand

Key Metrics

Founded Year

2006

Location

Wellington, New Zealand

Stage

Public

Latest Funding Round

Post IPO, Apr 18, 2017, $*****

Investors

AMCIL & 10 more

Ranked

6^th among 2354 active competitors

Annual Revenue

$1B+ as on Mar 31, 2024

Employee Count

6,086 as on Aug 31, 2026

Investment & Acquisitions

Melio & 9 more

Similar Companies

Intuit & 3009 more

Exit Details

Public

View Xero's full profile

Xero is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
XERO (NZ) LIMITED CIN: 4123758 , New Zealand, Active	Nov 21, 2012	-	-
Xero Limited CIN: 1830488 , New Zealand, Active	Jul 06, 2006	$1B+ (As on Mar 31, 2024)	-
XERO DENMARK A/S CIN: 42690562 , Denmark, Active	Sep 16, 2021	-	-
Xero Limited CIN: 1830488 , United Kingdom, Active	Nov 07, 2012	$500M - $1B (As on Mar 31, 2019)	-

Xero got listed on Jun 05, 2007.

Click here to take a look at Xero's IPO in detail

Xero has raised funding over 7 rounds. Its first funding round was on Apr 07, 2009. Its latest funding round was a Post IPO round on Apr 18, 2017 for $*****. 1 investor participated in its latest round. Xero has 11 institutional investors.

Here is the list of recent funding rounds of Xero:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 18, 2017	8754824	Post IPO	8602689	9804390	1672648	3017881
Mar 12, 2015	1705291	Post IPO	7577292	5654033	6560242	Accel & 1 more
Oct 15, 2013	3718315	Post IPO	9361552	5291024	8590552	Matrix & 1 more

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Xero's employee count trend

Xero has 6,086 employees as of Aug 26. Here is Xero's employee count trend over the years:

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Top competitors of Xero include Intuit, Pennylane and Deltek. Here is the list of Top 10 competitors of Xero, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Alcor Fund, Benchmark & 25 others	83/100
2nd	Pennylane 2020, Paris (France), Series E	Cloud-based financial management and accounting software platform	$442M	Sequoia Capital, DST Global & 9 others	78/100
3rd	Deltek 1983, Herndon (United States), Acquired	Cloud based enterprise resource planning software provider for multi industries	$107M	New Mountain Capital, Prospect Capital & 3 others	77/100
4th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	77/100
5th	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 22 others	76/100
6th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	AMCIL, Haymaker Growth & 9 others	75/100
7th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	CRV, BDC & 20 others	74/100
8th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of cloud-based enterprise software solutions for accounting, finance, and people management	-	91Springboard, Itz Cash Card & 46 others	70/100
9th	MYOB 1991, Cremorne (Australia), Acquired	Developer of business management software including accounting and payroll solutions	-	CVC, VantEdge Partners & 3 others	70/100
10th	Anna 2017, London (United Kingdom), Acquired	Cloud-based accounting management solutions for businesses	$88.3M	Kinetik, Flashpoint & 67 others	68/100

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Xero has not made any investments yet. Xero has made 10 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 24, 2025	Acquisition	Melio	2018	New York City (United States)
Sep 17, 2024	Acquisition	Syft Analytics	2016	Newark (United States)
Dec 28, 2021	Acquisition	TaxCycle	2010	Calgary (Canada)