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10531 = Forbes MAR 23. 2017 rµ 06:14 AM 3.636 Peter Thiel And Max Levchin Bet On Freelance Economy Peter Johnston, founder and CEO of Lystable Peter Thiel's venture capital firm Valar Ventures has led a $10 million investment round in Lystable, an app for collaborating with freelancers, Lystable announce
s such as Max Levchin's fund SciFi VC, Kindred Capital and Goldcrest Capital, as well as new backers Glynn Capital Management and Wilmont Ventures. Thiel and Levchin were co-founders of PayPal. EFTA00810532 Lystable, which was founded in London and has an office in San Francisco, enables companies
led their Series A round in January. They launched to the public in June and the initial response is promising. Valar Fund 3 has invested $8.4M in Qonto, which is now valued at I0.6M Recent Insurance Investments "Formula for startup success: Find large highly fragmented industry with low NPS; verti
small amount of secondary shares we purchased from an early investor at a minor discount). One of Fund 3's first investments was a seed check into Qonto, an SME focused neobank based in Paris. The company was founded by Alexander Prot (whose father was formerly the Chairman of BNP Paribas) and Steve
General Partner, the Managing Members, the Management Company or any member or employee or Affiliate thereof; provided, however, that Peter Thiel, Peter Thiel's retirement accounts and Thiel Capital LLC and any wholly owned subsidiary of the foregoing ("Thiel Persons") shall not be deemed as an Affiliated P
DISCLOSE CERTAIN INFORMATION WITH REGARD, TO THE THIEL PERSONS (AS DEFINED HEREIN). NONE OF THE THIEL PE
Valar believes these companies tend to be high-margin businesses focused on massive markets, such as currency transfer (Transferwise), banking (N26, Qonto), commercial real estate (Breather), insurance (Jetty, Coya), investing/retirement savings (Stash), accounting software (Xero), and human resources
239 Valar Ventures Formed in 2010 Spun out of Thiel Capital in 2013 Based in New York City Raising
8.0M Current Company Valuation: $83.1M Other Key Investors: IA Ventures, Contour Ventures, Third Prime Capital VALAR I EFTA00810273 x qonto Qonto is a next generation bank for entrepreneurs, SMEs and startups, providing an online service that allows businesses to create an account in less t
Entities connected to both Peter Thiel and Qonto

Woody Allen
PERSON
Prince Andrew
PERSON
United States
LOCATION
Thiel Capital
ORGANIZATION
Montreal
LOCATION
Salt Lake City
LOCATIONSilicon Valley
LOCATION
New Zealand
LOCATION
Max Levchin
PERSONAllen & Company
ORGANIZATIONVALAR
ORGANIZATIONAndrew McCormack
PERSON
Toronto
LOCATIONTransferwise
PERSONBreather
PERSON
Fidelity
ORGANIZATIONMenlo Ventures
ORGANIZATIONRibbit Capital
ORGANIZATION
East Coast
LOCATIONFund 3
ORGANIZATION