A vote of confidence from MATRIX CAPITAL MANAGEMENT COMPANY, LLC They pick and choose - to invest in some huge techno heavyweights and smart start-ups like Amazon, Facebook, Google, Saleforce, Netflix, Workday Ic,
(Perhaps MCMC considers Xero’s SaaS and business model to be among some of the best in the world )
This is a very high quality funding round with our existing large investors Peter Thiel and Matrix Capital Management continuing to support us as we grow value. *We have added some of the smartest and largest technology investors on the planet shaping our register for success in the USA.
http://blog.xero.com/
Rod Drury, founder of Xero, says the cloud-based accounting company $180 million capital raising from key US shareholders sends a strong signal to rivals that there are no constraints on the funds it needs to win global market share.
Cash reserves have jumped to $230 million from the $55 million it disclosed as at September 30.
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(20min delay)