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.
2015
Founded
$7.5M
2023 Revenue
8.89%
YOY
$31M
Funding
Xolo Revenue
In 2023, Xolo revenue run rate hit $7.5M in revenue.
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2023
Xolo hit $7.5M in revenue in 2023
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2022
Xolo hit $6.9M in revenue in 2022
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2021
Xolo hit $5.6M in revenue in 2021
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2021
Xolo hit $5.6M in revenue in 2021
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2020
Xolo hit $2.8M in revenue in 2020
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2015
Xolo launched in 2015 with $0 revenue
Xolo Funding History
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2021 Raising Now
Xolo raised a Raising Now of in December, 2021
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2020 Series A
Xolo raised a Series A of in June, 2020
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2017 Seed Round
Xolo raised a Seed Round of in June, 2017
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| December, 08 2021 | Raising Now | ||
| June, 01 2020 | Series A | ||
| June, 01 2017 | Seed Round |
Team
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.
| DISTRIBUTION | QTY |
|---|---|
| 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.
Q&A
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What's your age?
56
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Favorite online tool?
Slack
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Favorite book?
Innovators Dilemma
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Favorite CEO?
Elon Musk
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Advice for 20 year old self
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Customers
Churn
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
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When was Xolo founded?
Xolo was founded in 2015.
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How much revenue does Xolo generate?
Xolo generates $7.5M in revenue.
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Who is the CEO of Xolo
The CEO of Xolo is Mikko Teerenhovi.
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How much funding does Xolo have?
Xolo raised $31M.
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How many employees does Xolo have?
Xolo has 118 employees.
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Where is Xolo headquarters?
Xolo is headquartered at Kalasadama 4, Tallinn, Estonia
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