Rod Drury talks about the excitement and opportunities following the announcement that Xero has raised US$150 million from Matrix Capital Management, Peter Thiel’s Valar Ventures and a range of other investors
Videos
Interview with Xero CEO Rod Drury
Published by Uma Rajagopal
Posted on October 28, 2013
1 min readKey Takeaways
- Xero raised US$150 million led by Matrix Capital Management and Valar Ventures.
- Funding to accelerate global expansion, particularly in the U.S., and compete with incumbents like Intuit.
- Transaction priced at approximately US$15.10 per share, representing ~8% post-raise share dilution.
- US investors contributed around US$123 million of the round to support U.S. growth efforts.
References
Frequently Asked Questions
Who led the US$150 million funding round?
The round was led by existing investors Matrix Capital Management and Peter Thiel–backed Valar Ventures, alongside other US and New Zealand investors.
What will the funds be used for?
The capital is intended to accelerate Xero’s global expansion—especially in the US—and invest in growth, teams and product development to challenge competitors like Intuit.
How much of the funding came from US investors?
Approximately US$123 million of the US$150 million came from US-based investors.
Tags
Related Articles
How AI, Cash, and Customer Experience Are Transforming Banking in Europe
Your Bank.Your Rules
Charting the Future of Banking: Insights from Daniel Asiedu of OmniBSIC Bank Ghana
Unlocking Investment Potential Sucor Asset Management’s Vision for the Next Generation of Investors
Navigating APAC’s Dynamic Markets: Allianz Trade’s Strategy for the Future
More from Videos
Explore more articles in the Videos category
Guiding Success: Daniel Asiedu’s Leadership and OmniBSIC Bank’s Growth Journey
Shaping the Future of Banking: Diebold Nixdorf on Technology, Resiliency, and Sustainability
Global Banking & Finance Award® Winner – OmniBSIC Bank Ghana Limited
Revolutionizing Banking in Africa: Absa Bank’s Journey Towards Digital Excellence and Inclusive Growth
AmBank SME Amplify
Exclusive interview with Ranga Reddy, CEO of Maveric Systems
CPF Financial Services- Fulfilling Lives
Sustainable Financial Freedom Through Forex Trading
Stanbic IBTC Asset Management
The Merlion Global Success Story
Global Banking & Finance Award Winner – NMB Bank PLC
Global Banking & Finance Award Winner – PT Sucorinvest Asset Management