Z D ) ▁from ▁Th iel ▁and ▁Matrix ▁in ▁October ▁ 2 0 1 3 , ▁bringing ▁total ▁fund ing ▁to ▁more ▁than ▁$ 2 3 0 ▁million . ▁X ero ▁raised ▁an ▁additional ▁$ 1 0 0 ▁million ▁from ▁Acc el ▁and ▁$ 1 0 . 8 ▁million ▁from ▁Matrix ▁Capital ▁in ▁February ▁ 2 5 , ▁ 2 0 1 5 . ▁On ▁October ▁ 5 , ▁ 2 0 1 8 , ▁X ero ▁announced ▁a ▁settlement ▁of ▁$ 3 0 0 ▁million ▁( US D ) ▁in ▁convert ible ▁notes . ▁The ▁capital ▁raise ▁was ▁ground bre aking ▁for ▁a ▁New ▁Zealand ▁or ▁Australian ▁company ▁not ▁listed ▁in ▁the ▁United ▁States , ▁and ▁the ▁company ▁was ▁awarded ▁best ▁hy brid ▁deal ▁of ▁ 2 0 1 8 ▁by ▁Fin ance ▁Asia . ▁ ▁Ac quis itions ▁and ▁strateg ic ▁partners hips ▁ ▁X ero ▁has ▁acquired ▁several ▁companies ▁since ▁its ▁launch . ▁In ▁July ▁ 2 0 1 1 , ▁the ▁company ▁acquired ▁the ▁Australian ▁online ▁pay roll ▁provider ▁Pay cycle ▁for ▁a ▁mixture ▁of ▁c ash ▁and ▁shares ▁total ing ▁$ 1 . 9 ▁million ▁( N Z D ). ▁The ▁ac quisition ▁allowed ▁X ero ▁to ▁integrate ▁pay roll ▁into ▁their ▁Australian ▁product ▁offering . ▁It ▁acquired ▁Sp ot light ▁Work p apers ▁in ▁July ▁ 2 0 1 2 ▁for ▁a ▁mixture ▁of ▁c ash ▁and ▁shares ▁total ing ▁$ 8 0 0 , 0 0 0 . ▁▁ ▁The ▁same ▁year ▁it ▁acquired ▁online ▁job