Who invested in Xero

8 rounds we have observed, with the 11 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Software

Funding summaryUpdated 26 Oct 2026

$375Mraised across 8 rounds since 2002, from 8 sources

$20MSeries C$12MRound$14MRound$3.0MVenture$17MVenture$49MVenture$150MGrowth$111MRound

Latest round: Round, $111MFeb 2015
Biggest round: $150MGrowth · Oct 2013
Investors: 11

See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2002200420062008201020122014

$20MSeries C$12MRound$14MRound$3.0MVenture$17MVenture$49MVenture$150MGrowth$111MRound

First round: Series C, $20M
Biggest round: $150M
Usual gap between rounds: 16 months

The rounds

Feb 2015
Round$111M2 new
- Accel
- Matrix Capital Management
From a historical funding recordSEC filing: $111M sold, first sale Mar 2015
Oct 2013
Growth$150M2 returning
- Matrix Partners
- Valar Ventures
Reported by techcrunch.comSEC filing: $98M sold, first sale Oct 2013
Nov 2012
Venture$49M1 new1 returning
- Matrix Partners
- Valar Ventures
Reported by techcrunch.com
Feb 2012
Venture$17M1 new2 returning
Reported by venturebeat.com
Oct 2010
Venture$3.0M2 new
- Peter Thiel
- Valar Ventures
Reported by techcrunch.com
Apr 2009
Round$14M1 new
- Craig Winkler
Reported by nbr.co.nz
Jun 2007
Round$12M
No investor was named in the report.
Reported by xero.com
Jan 2002
Series C$20M4 new
From a historical funding record

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series C2002Round2007Round2009Venture2010Venture2012Venture2012Growth2013Round2015

Valar Ventures

Matrix PartnersPeter ThielCraig Winkler

Accel

Morgenthaler Ventures

Advanced Technology VenturesPrism Venture ManagementCatalyst Health & Technology PartnersSam Morgan

Everyone who backed them

Valar VenturesVC firm3rounds

Matrix PartnersVC firm2rounds

Peter ThielAngel2rounds

Craig WinklerAngel2rounds

AccelVC firm1round

Morgenthaler VenturesVC firm1round

Advanced Technology VenturesVC firm1round

Prism Venture ManagementVC firm1round

Catalyst Health & Technology PartnersGrowth equity1round

Sam MorganAngel1round

Matrix Capital ManagementVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 5 firms list Xero as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Futurist CapitalVC firmPer its own site

Haymaker GrowthInvestment firmPer its own site

NovaViaInvestment firmPer its own site

Rabble Revolutionising fundraisingFamily officePer its own site

Tempus WealthInvestment firmPer its own site

Quick answers about Xero

Who invested in Xero?

Xero's investors include Valar Ventures, Matrix Partners, Peter Thiel, Craig Winkler and Accel, and 6 more on record.

How much has Xero raised?

Xero has raised $375M across 8 rounds since 2002.

When did Xero last raise?

Xero's most recent round was an Undisclosed round of $111M in Feb 2015.

What was Xero's biggest round?

Xero's largest round on record is $150M (Growth), in Oct 2013.

Who backed Xero first?

Xero's first round on record, in Jan 2002, was backed by Morgenthaler Ventures, Advanced Technology Ventures and Prism Venture Management and 1 others.