New Zealand-based software company Xero Limited has raised $110.7 million in funding from Accel Partners and Matrix Capital Management. In addition to the funding, Xero has named Russ Fujioka as U.S. President. The appointment is effective immediately. Fujioka will be working from Xero’s U.S. headquarters in San Francisco. Also, Graham Smith, a former chief financial officer at Salesforce Inc, has been added to Xero’s board.