Xero raises $97.9 Million as noted in SEC Filing

We read at MarketBrief Xero Ltd reported today in a filing with the U.S. Securities and Exchange Commission it had raised $97.9M in new funding. Companies file this special form with the U.S. Securities and Exchange Commission in the majority of cases when closing new funding.

First Sale	Amount Sold	Amount Offered
Oct 29, 2013	$97.9M	$97.9M

Xero Ltd did not disclose revenue figures according to the SEC Filing detailing the transaction. The type of investment being offered was listed as equity (opposed to debt, warrants, or other types of investment options). Xero Ltd noted they began raising the money on October 29, 2013. As of today, the entire $97.9M offering has been sold to private investors, no remaining investment is being sought at this time.

Digging into Xero Ltd's fundraising history, this is the first SEC filing we've seen from Xero Ltd. This doesn't mean they haven't raised money in the past, this is the first time Xero Ltd has raised money and filed a special form with the SEC.