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
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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 …