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Xero to $23m

Xero just raised $23.2m, again proving that great ideas secure great investors. What’s interesting is that they were able to attract the founder of traditional software maker in their space – MYOB – to invest. A massive endorsement of their strategy and product.

What is really amazing is that they have passed the 6000 customer number milestone, double the customer figure at December 2008. It also announced it had entered into a strategic partnership with Telstra in Australia.

I’m thrilled to be an advisor…

Press release here

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