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Xero revenue is $450 million

Xero is worth $55 million valuation

Xero team size is 3520 employees


How did Latka collect this data?

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Latka collected this data by interviewing Xero CEO Steve Vamos on 06/01/2007

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Xero

Suite 1- Level 8/66 Clarence St

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How Xero hit $450M Revenue with 2M customers in 2022.

Global platform for small business

Founded

2006

Founded

Revenue

$450M

2022 Revenue

YOY
-----

YOY

Funding

$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

$450M

Xero Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 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 DATEROUNDAMOUNTVALUATION
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

2018201920204▲28▲
DISTRIBUTIONQTY
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

$0$28113 month payback period024681012
$0$28113 month payback period024681012

Churn

Xero has an annual churn rate of 12.00%.

-100-500%50100

Gross Annual Dollar Churn

-12.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

88.00%


About Xero

Monthly Revenue

$37.5M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Xero Board of Directors

NamePosition
Mark CrossBoard Of Directors / Non-executive Director
Craig WinklerBoard Of Directors / Non-executive Director
Steven AldrichBoard Member
Susan PetersonBoard Of Directors / Non-executive Director
Lee HattonBoard Of Directors / Non-executive Director
Dale MurrayBoard Of Directors / Non-executive Director

Xero Executives

NamePosition
Steve Vamos CEO
Rachael Powell Chief Customer Officer
Chaman Sidhu Chief Legal Officer & Company Secretary
Mark Rees Chief Technology Officer
Nicole Reid Chief People Officer
Kirsty Godfrey-Billy Chief Financial Officer
Anna Curzon Chief Product Officer
Andy Burner Vice President Operations (Chief Operating Officer - Americas)
Simone Matlock Chief of Stuff
Damien Tampling Global Chief Strategy and Corporate Development Officer

Xero Employees

NamePosition
Steve Vamos CEO
Rachael Powell Chief Customer Officer
Mark Cross Board Of Directors / Non-executive Director
Chaman Sidhu Chief Legal Officer & Company Secretary
Mark Rees Chief Technology Officer
Craig Winkler Board Of Directors / Non-executive Director
Tony W. PresidentThe Americas
Nicole Reid Chief People Officer
Kirsty Godfrey-Billy Chief Financial Officer
Kate Durrant Xero Partner
Anna Curzon Chief Product Officer
Andy Burner Vice President Operations (Chief Operating Officer - Americas)
Steven Aldrich Board Member
Susan Peterson Board Of Directors / Non-executive Director
Rod Drury Founder and Director
Simone Matlock Chief of Stuff
Damien Tampling Global Chief Strategy and Corporate Development Officer
David Thodey Chairperson
Lee Hatton Board Of Directors / Non-executive Director
Dale Murray Board Of Directors / Non-executive Director

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 was raised $681.4M.

How many employees does Xero have?

Xero has raised 3520 employees.

Where is Xero headquarters?

Xero headquater is at New Zealand