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New Zealand cloud accounting company Xero has raised NZ$147.2 million in funding, as the company continues to accelarate rapidly and grow globally.

US venture capital firms Accel Partners and Matrix Capital Management are behind the investment. Accel, a leading Silicon Valley venture capital firm, has agreed to invest NZ$132.9 million, while former Xero investor Matrix will invest NZ$14.3 million

Accel Partners is known for its continued investment in early stage startups, with early investments Facebook, Spotify and Dropbox and the company invested US$60 million in Australia’s startup darling Atlassian …

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Source:: New Zealand startup Xero scores $147 million from Silicon Valley investor

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