Intuit Alternative Raises $150M

New Zealand-based online accounting software provider Xero has raised $150 million to take on U.S. market leader Intuit, AllThingsD reported on October 13.

The capital was provided by Matrix Partners and Peter Thiel’s Valar Ventures. Xero plans to use its funds to grow its U.S. business.

For more on Xero’s solution and its strategy for the U.S. market, read the full report here

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