Xero revenue hit $450 million in 2023
Xero generates revenue from 1600000 customers
How did Latka collect this data?
Latka collected this data by interviewing Xero CEO Steve Vamos on 01/09/2019
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Xero
Suite 1-Level 8/66 Clarence St, Sydney Nsw 2000, New Zealand
How Xero hit $450M revenue and 2M customers in 2023.
Global platform for small business
2006
Founded
$450M
2022 Revenue
YOY
$681.4M
Funding
Xero Revenue
In 2022, Xero revenue run rate hit $450M in revenue.
2019
Xero hit $450M in revenue in 2019
2006
Xero launched in 2006 with $0 revenue
Xero Funding History
2018 Post-IPO Equity
Xero raised a Post-IPO Equity of $300M
2017 Post-IPO Equity
Xero raised a Post-IPO Equity of $26.4M
2015 Post-IPO Equity
Xero raised a Post-IPO Equity of $110.8M
2013 Post-IPO Equity
Xero raised a Post-IPO Equity of $150M
2012 Post-IPO Equity
Xero raised a Post-IPO Equity of $49M
2012 Post-IPO Equity
Xero raised a Post-IPO Equity of $16.6M
2010 Post-IPO Equity
Xero raised a Post-IPO Equity of $3M
2009 Post-IPO Equity
Xero raised a Post-IPO Equity of $13.6M
2007 Post-IPO Equity
Xero raised a Post-IPO Equity of $12M at a $55M valuation in June 2007
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 09/26/2018 | Post-IPO Equity | $300M | |
| 04/18/2017 | Post-IPO Equity | $26.4M | |
| 02/24/2015 | Post-IPO Equity | $110.8M | |
| 10/13/2013 | Post-IPO Equity | $150M | |
| 11/29/2012 | Post-IPO Equity | $49M | |
| 02/03/2012 | Post-IPO Equity | $16.6M | |
| 10/22/2010 | Post-IPO Equity | $3M | |
| 04/07/2009 | Post-IPO Equity | $13.6M | |
| 06/01/2007 | Post-IPO Equity | $12M | $55M |
Team
Xero has 3520 total employees and 310 sales reps that carry a quota. They have 1600000 customers an engineering team of 897 and a marketing team of 136
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 3520 |
| Engineer | 897(25%) |
| Sales | 310(9%) |
| Marketing | 136(4%) |
CEO/Founder
Steve Vamos
As the Chief Executive Officer at Xero, Steve leads the global growth and performance of the company. Prior to his current role, Steve held senior executive positions at Apple, IBM and Microsoft and served on the boards of Telstra, Fletcher Building, David Jones and Medibank. Steve also led the growth of online media business ninemsn from start-up to industry leader as the company’s CEO. He is passionate about building great teams and a business culture that supports growth and high performance. In advocating for the importance of building and aligning great talent, Steve founded the Society for Knowledge Economics (SKE), a Not-for-profit think tank which operated from 2005 – 2014, to encourage and promote new, and better leadership and management practices which enable innovation, productivity and sustainability. Steve has an honours degree in civil engineering from the University of New South Wales, Australia.
Q&A
What`s your age?
61
Favorite online tool?
Zoom
Favorite book?
Five disfunctions of a team
Favorite CEO?
Satya Nadella
Advice for 20 year old self
How little I knew
Customers
Xero has 2M customers.
Lifetime Months
100
x
Monthly ARPU
$23
=
Lifetime Dollar
$2.3K
Acquisition Cost
$310
Average Annual Price
$281
Churn
Xero has an annual churn rate of 12.00%.
Gross Annual Dollar Churn
-12.00%
Annual Dollar Expansion
0.00%
Net Revenue Retention
88.00%
Xero Board of Directors
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Lee Hatton | Board Of Directors / Non-executive Director | lee.hatton@afterpay.com | - |
| Mark Cross | Board Of Directors / Non-executive Director | mark.cross@xero.com | - |
| Craig Winkler | Board Of Directors / Non-executive Director | craig.winkler@xero.com | - |
| Dale Murray | Board Of Directors / Non-executive Director | dale@foundersintelligence.co | - |
| Steven Aldrich | Board Member | steven.aldrich@xero.com | - |
| Susan Peterson | Board Of Directors / Non-executive Director | susan.peterson@xero.com | - |
Xero Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Steve Vamos | CEO | steve.vamos@xero.com | - |
| Rachael Powell | Chief Customer Officer | rachael.powell@xero.com | - |
| Chaman Sidhu | Chief Legal Officer & Company Secretary | chaman.sidhu@xero.com | - |
| Mark Rees | Chief Technology Officer | mark.rees@xero.com | - |
| Nicole Reid | Chief People Officer | nicole.reid@xero.com | - |
| Kirsty Godfrey-Billy | Chief Financial Officer | kirsty.godfrey-billy@xero.com | - |
| Anna Curzon | Chief Product Officer | anna.curzon@xero.com | - |
| Andy Burner | Vice President Operations (Chief Operating Officer - Americas) | andy.burner@xero.com | - |
| Simone Matlock | Chief of Stuff | simone.matlock@xero.com | - |
| Damien Tampling | Global Chief Strategy and Corporate Development Officer | damien.tampling@xero.com | - |
Xero Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Steve Vamos | CEO | steve.vamos@xero.com | - |
| Lee Hatton | Board Of Directors / Non-executive Director | lee.hatton@afterpay.com | - |
| Rachael Powell | Chief Customer Officer | rachael.powell@xero.com | - |
| Mark Cross | Board Of Directors / Non-executive Director | mark.cross@xero.com | - |
| Chaman Sidhu | Chief Legal Officer & Company Secretary | chaman.sidhu@xero.com | - |
| Mark Rees | Chief Technology Officer | mark.rees@xero.com | - |
| Craig Winkler | Board Of Directors / Non-executive Director | craig.winkler@xero.com | - |
| Tony W. | PresidentThe Americas | tony.ward@xero.com | - |
| Nicole Reid | Chief People Officer | nicole.reid@xero.com | - |
| Kirsty Godfrey-Billy | Chief Financial Officer | kirsty.godfrey-billy@xero.com | - |
| Kate Durrant | Xero Partner | kate.durrant@xero.com | - |
| Anna Curzon | Chief Product Officer | anna.curzon@xero.com | - |
| Dale Murray | Board Of Directors / Non-executive Director | dale@foundersintelligence.co | - |
| Andy Burner | Vice President Operations (Chief Operating Officer - Americas) | andy.burner@xero.com | - |
| Steven Aldrich | Board Member | steven.aldrich@xero.com | - |
| Susan Peterson | Board Of Directors / Non-executive Director | susan.peterson@xero.com | - |
| Rod Drury | Founder and Director | rod@xero.com | - |
| Simone Matlock | Chief of Stuff | simone.matlock@xero.com | - |
| Damien Tampling | Global Chief Strategy and Corporate Development Officer | damien.tampling@xero.com | - |
| David Thodey | Chairperson | david.thodey@xero.com | - |
Frequently Asked Questions about Xero
When was Xero founded?
Xero was founded in 2006.
How much revenue does Xero generate?
Xero generates $450M in revenue.
Who is the CEO of Xero?
The CEO of Xero is Steve Vamos.
How much funding does Xero have?
Xero raised $681.4M.
How many employees does Xero have?
Xero has 3520 employees.
Where is Xero headquarters?
Xero is headquartered in New Zealand
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