Xolo
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | <1m | 1.2m | 1.9m | 2.5m | 2.8m | 4.2m | 4.8m |
% growth | 428 % | 166 % | 63 % | 34 % | 8 % | 51 % | 16 % |
EBITDA | - | - | (2.2m) | (1.7m) | - | - | - |
% EBITDA margin | - | - | (116 %) | (65 %) | - | - | - |
Profit | (<1m) | (1.4m) | (2.6m) | (2.2m) | - | - | - |
% profit margin | (115 %) | (121 %) | (135 %) | (85 %) | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Angel | ||
N/A | €610k | Seed | |
* | €1.3m | Seed | |
* | €6.0m | Series A | |
€3.2m Valuation: €30.0m 11.8x EV/LTM Revenues -18.1x EV/LTM EBITDA | Series A | ||
* | €2.6m | Early VC | |
* | €150k Valuation: €30.0m | Early VC | |
Total Funding | $15.2m |
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Recent News about Xolo
EditXolo is a pioneering company that provides comprehensive business management solutions tailored for freelancers and digital nomads. Operating in the rapidly growing gig economy, Xolo offers a suite of services including invoicing, company setup, and e-residency solutions, enabling solo entrepreneurs to minimize administrative tasks and focus on their core activities. The company primarily serves independent professionals who seek flexibility and efficiency in managing their business operations. Xolo's business model revolves around subscription-based services and transaction fees, ensuring a steady revenue stream while delivering value to its clients. By leveraging technology, Xolo simplifies complex processes, making it easier for freelancers to operate globally without the usual bureaucratic hurdles.
Keywords: freelancers, digital nomads, business management, e-residency, invoicing, company setup, gig economy, solo entrepreneurs, subscription-based, global operations.