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 Mar 31, 2026, the latest employee count at Xero is 6172.

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.

Where does Xero rank among its competitors?

Xero ranks 6th amongst 2728 active competitors, of which 194 are funded. It stands 9th 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, Vyapar and ContaAzul. 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 by Rod Drury. 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 2728 active competitors, including 194 funded and 163 that have exited. Its top competitors include companies like Intuit, Vyapar and ContaAzul.

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

TCV & 10 more

Ranked

6^th among 2728 active competitors

Employee Count

6,172 as on Mar 31, 2026

Investment & Acquisitions

Melio & 9 more

Similar Companies

Intuit & 3428 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 DENMARK A/S CIN: 42690562 , Denmark, Active	Sep 16, 2021	-	-
XERO (NZ) LIMITED CIN: 4123758 , New Zealand, Active	Nov 21, 2012	-	-
Xero Limited CIN: 1830488 , United Kingdom, Active	Nov 07, 2012	$553M (As on Mar 31, 2019)	-
Xero Limited CIN: 1830488 , New Zealand, Active	Jul 06, 2006	$1.05B (As on Mar 31, 2024)	-

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	6238028	Post IPO	2750877	9258621	6039243	2541847
Mar 12, 2015	2142624	Post IPO	4185582	9556554	2605169	Accel & 1 more
Oct 15, 2013	8355129	Post IPO	5722693	5449576	8942652	Matrix & 1 more

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View details of Xero's funding rounds and investors

The founders of Xero is Rod Drury.

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

Rod Drury: Founder of Xero. They are also an angel investor in 1 startup.

View details of Xero's Founder profiles and Board Members

Xero's employee count trend

Xero has 6,172 employees as of Mar 26. Here is Xero's employee count trend over the years:

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Top competitors of Xero include Intuit, Vyapar and ContaAzul. 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	-	Europa, TriplePoint Capital & 25 others	82/100
2nd	Vyapar 2017, Bengaluru (India), Series B	Provider of GST billing, inventory, and accounting software for small businesses	$35.9M	WestBridge Capital, India Quotient & 14 others	77/100
3rd	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	76/100
4th	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 23 others	75/100
5th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	CRV, BDC & 20 others	75/100
6th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	TCV, Accel & 9 others	75/100
7th	Pennylane 2020, Cherbourg en Cotentin (France), Series E	App & cloud-based accounting and financial management solutions for businesses	$442M	Sequoia Capital, DST Global & 8 others	74/100
8th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of AI-based software for business management	-	Itz Cash Card, Hud Exchange & 45 others	72/100
9th	Digits 1995, San Francisco (United States), Acquired	SMS based customer authentication and verification service	$97.5M	Benchmark, SoftBank Vision Fund & 23 others	71/100
10th	Denim 2014, New York City (United States), Acquired	Provider of financial technology solutions for freight businesses	$67.9M	Anthemis Group, Techstars & 18 others	70/100

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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)