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Xero updated phone app and additional funding

Extract from Rod Drury, CEO at Xero announcing more updates as the accounting software market heats up!
It’s been a big week at Xero. Not only have we raised another $US150 million of funding, but we also have a brand new version of Xero Touch for iOS for you to download today.

More gas in the tank

We’re thrilled to announce that Xero has received $US150 million in funding from the brightest investors in technology including Peter Thiel’s Valar Ventures, Matrix Capital Management and Viking Global Investors. It’s a huge endorsement of what we’ve achieved to date and allows us to further invest to serve you even better in the future. You can read all about the capital raise and see a roundup of what the press had to say on our blog.

Reconcile from anywhere

We’re also thrilled to announce a new version of Xero Touch, our iOS app. We’ve had over 125,000 people download the current version of Xero Touch. It helps them send invoices on the run, keep track of expenses and more. Without getting too technical, the last version of Xero Touch was not a "native" iOS app. Over the last 6 months we have fully rebuilt it as a first class iOS application so it's quicker, slicker and we can innovate much faster from here on in. Please try our new Bank Reconciliation – we think it’s even more fun than before. A native version of Xero Touch for Android is in the works too and will be available soon.

Best regards,

Rod Drury
CEO, Xero


2018 Australian Management Control ABN: 65 066 670 353