Xero is a public company. It was founded in New Zealand and is active on New Zealand, Australia, and the UK. With this hefty investment, it will attempt to infiltrate the US market, a space dominated by QuickBooks. This investment was led by Valar Ventures, which is backed by Peter Thiel, and Matrix Capital Management. Thiel participated in Xero’s round of $16.6 earlier this year. Of the $67 million, $49 million came in the form of capital, and $18 million came from purchased shares.
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