Xero raises $140 million to fund US and UK growth

2:44AM | Wednesday, 25 February 2015 |  New Zealand cloud accounting software company Xero has announced a capital raise from American venture capital firms Accel Partners and Matrix Capital Management.

Meet the startup that wants to liberate your videos

6:37PM | Tuesday, 3 June 2014 |  Adelaide startup Peepable, which is set to launch a new video search engine, has raised $500,000 in seed funding from the likes of Xero’s Stuart McLeod and e3Learning’s Tony Fairbairn.

MYOB co-founder Craig Winkler among early investors, as Practice Ignition raises $650,000 seed funding

2:04PM | Friday, 21 February 2014 |  Practice Ignition, an Australian firm that helps accountants to streamline their interaction with clients, has raised $650,000 in seed funding from investors including MYOB co-founder and early Xero investor Craig Winkler.

Cloud accounting CEO tells start-ups: It’s time to get automated

8:21PM | Monday, 5 August 2013 |  Start-ups need to recognise no matter what product or service they offer, they’re technology companies and the key to growth is automation, says Marc Lehmann, chief executive of Australian accounting platform Saasu.

Australian payment system start-up acquires US technology and data assets

7:13PM | Wednesday, 17 July 2013 |  Melbourne-based payment system start-up Pin Payments has acquired the subscription payment management service and customer base of US-based Spreedly.

Five quick tips and mistakes to avoid with cloud accounting

7:10PM | Monday, 8 July 2013 |  With a new book, XERO for Dummies, out on the market, Heather Smith is a big believer in cloud accounting, especially for business owners who aren’t comfortable with their financial literacy.

Reckon looking to take on Xero by joining cloud accountancy battle

2:09PM | Friday, 8 February 2013 |  Reckon is aiming to shake up the Australian accounting software market when it launches its first cloud-based product Reckon One in the next quarter.

Peter Thiel-backed fund pours further investment into Xero

12:00AM | Monday, 3 December 2012 |  Valar Ventures, a fund backed by PayPal co-founder Peter Thiel, has joined another firm to invest an additional US$49 million into cloud-based start-up Xero.

The start-up dilemma: Sell up or remain solo?

7:57PM | Tuesday, 31 July 2012 |  What are your options when a big company comes knocking with a nice set of numbers and a contract to sign? It’s a dream for some and a tricky proposition for others. BY LEON GETTLER.

Xero acquires Max Solutions after raising $15m

2:51PM | Thursday, 2 February 2012 |  Accountancy software company Xero has raised $15 million to fund global growth and has made its first acquisition for the year, snapping up Max Solutions in a deal worth almost $5 million.