Xolo revenue hit $7.5M in 2024

Xolo generates revenue from 6000 customers


Kalasadama 4, Tallinn, Estonia

How did Latka collect this data?

Latka collected this data by interviewing Xolo CEO Mikko Teerenhovi on Dec 8, 2021

About Company RevenueFundingTeamFounder/CEOCustomersCEO Net Worth

How Xolo hit $7.5M revenue and 6K customers in 2023.

Xolo is a platform that helps freelancers and solopreneurs to start and run their businesses online. It provides a range of services including company formation, banking, accounting, and compliance.






2023 Revenue







Xolo Revenue

In 2023, Xolo revenue run rate hit $7.5M in revenue.

  • 2023

    Xolo hit $7.5M in revenue in 2023

  • 2022

    Xolo hit $6.9M in revenue in 2022

  • 2021

    Xolo hit $5.6M in revenue in 2021

  • 2021

    Xolo hit $5.6M in revenue in 2021

  • 2020

    Xolo hit $2.8M in revenue in 2020

  • 2015

    Xolo launched in 2015 with $0 revenue

Xolo Funding History

  • 2021 Raising Now

    Xolo raised a Raising Now of in December, 2021

  • 2020 Series A

    Xolo raised a Series A of in June, 2020

  • 2017 Seed Round

    Xolo raised a Seed Round of in June, 2017

December, 08 2021 Raising Now
June, 01 2020 Series A
June, 01 2017 Seed Round


Xolo has 118 total employees and 1 sales reps that carry a quota. They have 6,000 customers an engineering team of 17 and a marketing team of 10.

Total team size 118
Engineer 17 (14%)
Sales 1 (1%)
Marketing 10 (8%)

Founder / CEO

Mikko Teerenhovi

A CEO of Xolo since 2018 with the mission to build it into the largest SaaS platform for running a freelance business. A serial entrepreneur, investor, and executive. In the past, served as the COO of Starship Technologies, the leader in self-driving robotics; was the founder of MTVP, the first VC firm in the Baltic states; the CEO of MicroLink, the largest Baltic IT services, and online media company; the founder and CEO of Baltic News Service, the region's leading news agency.


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Xolo Executives

Name Position Working Email Personal Email
Mikko Teerenhovi CEO [email protected] -

Xolo Employees

Name Position Working Email Personal Email
Mikko Teerenhovi CEO [email protected] -

Frequently Asked Questions about Xolo

  • When was Xolo founded?

    Xolo was founded in 2015.

  • How much revenue does Xolo generate?

    Xolo generates $7.5M in revenue.

  • Who is the CEO of Xolo

    The CEO of Xolo is Mikko Teerenhovi.

  • How much funding does Xolo have?

    Xolo raised $31M.

  • How many employees does Xolo have?

    Xolo has 118 employees.

  • Where is Xolo headquarters?

    Xolo is headquartered at Kalasadama 4, Tallinn, Estonia

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