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Andrew McCormack and James Fitzgerald are the managing partners of the firm. [4] Investments. Valar was notably the first venture fund to invest in Xero. The fund made its initial investment in Xero in October 2010 at a valuation of approximately $98 million. [5] .
Through Valar Ventures, an internationally focused venture firm he cofounded with Andrew McCormack and James Fitzgerald, [77] Thiel was an early investor in Xero, a software firm headquartered in New Zealand. [78]
By 2017, Xero had more than one million customers globally, [16] and the following year, it had more than one million subscribers in Australia and New Zealand. [17] In April 2018, Steve Vamos was appointed as CEO, replacing Rod Drury who remained on the board as a non-executive director until 2023. [18]
Nov 30, 2012 · Peter Thiel's Valar Ventures has invested as part of a $67 million round in New Zealand-based Xero, which makes online accounting software for small businesses.
Oct 14, 2013 · Xero, the global leader in online accounting software, has raised US$150 million of new capital from existing shareholders Matrix Capital Management, Peter Thiel backed Valar Ventures and a...
Sep 12, 2017 · In October 2010, Thiel purchased a $NZ4 million stake in Xero through his company Valar Ventures.
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Apr 18, 2012 · Xero Limited is a software-as-a-service company. It operates a global small business platform which includes a core accounting solution, payroll, workforce management, expenses, and projects. Its segments include Australia and New Zealand (ANZ), and International.
