Xero announces (another) massive US$100m capital raising

Xero has just announced that Accel, one of the top US tech investors, has invested $US100m into the company. Xero have always raised funds well ahead of the need – and with half a billing in the bank they are strongly poised to continue their development and rollout in North America. In addition, they have just appointed a new US President. While Xero have yet to make any Canadian changes to the system or put staff in Canada, these new announcements will have positive spin offs for Canada over the next year. Stay tuned for more!!
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