Xero has raised about $110.8 million in capital and named a new president in the United States. The company said this week Accel Partners is contributing $100 million in funding with current shareholder Matrix Capital Management chipping in $10.8 million. Well, this could explain the recent rise in the company's stock price. Meanwhile, Xero said that former Dell executive, Russell Fujioka, has been named president of its United States operations.