How Xero hit $450M revenue and 1.6M customers in 2019.
Global platform for small business
2006
Founded
$450M
2019 Revenue
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YOY
$681.4M
Funding
Xero Revenue
In 2019, Xero revenue run rate hit $450M in revenue.
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2019
Xero hit $450M in revenue in 2019
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2006
Xero launched in 2006 with $0 revenue
Xero Funding History
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2018 Post-IPO Equity
Xero raised a Post-IPO Equity of in September, 2018
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2017 Post-IPO Equity
Xero raised a Post-IPO Equity of in April, 2017
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2015 Post-IPO Equity
Xero raised a Post-IPO Equity of in February, 2015
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2013 Post-IPO Equity
Xero raised a Post-IPO Equity of in October, 2013
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2012 Post-IPO Equity
Xero raised a Post-IPO Equity of in November, 2012
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2012 Post-IPO Equity
Xero raised a Post-IPO Equity of in February, 2012
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2010 Post-IPO Equity
Xero raised a Post-IPO Equity of in October, 2010
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2009 Post-IPO Equity
Xero raised a Post-IPO Equity of in April, 2009
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2007 Post-IPO Equity
Xero raised a Post-IPO Equity of in June, 2007
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| September, 26 2018 | Post-IPO Equity | ||
| April, 18 2017 | Post-IPO Equity | ||
| February, 24 2015 | Post-IPO Equity | ||
| October, 13 2013 | Post-IPO Equity | ||
| November, 29 2012 | Post-IPO Equity | ||
| February, 03 2012 | Post-IPO Equity | ||
| October, 22 2010 | Post-IPO Equity | ||
| April, 07 2009 | Post-IPO Equity | ||
| June, 01 2007 | Post-IPO Equity |
Team
Xero has 3,520 total employees and 310 sales reps that carry a quota. They have 1,600,000 customers an engineering team of 897 and a marketing team of 136.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 3.5K |
| Engineer | 897 (25%) |
| Sales | 310 (9%) |
| Marketing | 136 (4%) |
Founder / CEO
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
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What's your age?
62
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Favorite online tool?
Zoom
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Favorite book?
Five disfunctions of a team
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Favorite CEO?
Satya Nadella
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Advice for 20 year old self
How little I knew
Customers
Churn
Xero Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Steve Vamos | CEO | [email protected] | - |
Xero Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Steve Vamos | CEO | [email protected] | - |
| Tony W. | President, The Americas | [email protected] | - |
| Rachael Powell | Chief Customer Officer | [email protected] | - |
| Chaman Sidhu | Chief Legal Officer & Company Secretary | [email protected] | - |
| Mark Rees | Chief Technology Officer | [email protected] | - |
| Nicole Reid | Chief People Officer | [email protected] | - |
| Kirsty Godfrey-Billy | Chief Financial Officer | [email protected] | - |
| Kate Durrant | Xero Partner | [email protected] | - |
| Anna Curzon | Chief Product Officer | [email protected] | - |
| Andy Burner | Vice President Operations (Chief Operating Officer - Americas) | [email protected] | - |
| Rod Drury | Founder and Director | [email protected] | - |
| Simone Matlock | Chief of Stuff | [email protected] | - |
| Damien Tampling | Global Chief Strategy and Corporate Development Officer | [email protected] | - |
| David Thodey | Chairperson | [email protected] | - |
Xero Board of Directors
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Lee Hatton | Board Of Directors / Non-executive Director | [email protected] | - |
| Mark Cross | Board Of Directors / Non-executive Director | [email protected] | - |
| Craig Winkler | Board Of Directors / Non-executive Director | [email protected] | - |
| Dale Murray | Board Of Directors / Non-executive Director | [email protected] | - |
| Steven Aldrich | Board Member | [email protected] | - |
| Susan Peterson | Board Of Directors / Non-executive Director | [email protected] | - |
Frequently Asked Questions about Xero
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When was Xero founded?
Xero was founded in 2006.
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How much revenue does Xero generate?
Xero generates $450M in revenue.
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Who is the CEO of Xero
The CEO of Xero is Steve Vamos.
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How much funding does Xero have?
Xero raised $681.4M.
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How many employees does Xero have?
Xero has 3.5K employees.
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Where is Xero headquarters?
Xero is headquartered at Suite 1-Level 8/66 Clarence St, Sydney Nsw 2000, New Zealand
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