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Multiple: Company Valuation: Other Key Investors: $31.4M $127.2M 4.0x $3.9B today / $2.0B at time of Valar's major exit Accel, Matrix Capital, Fidelity, Blackstone, TCV VALAR / 5 EFTA00810479 Valar Fund 2 / Pei for Fund 2 Performance Inception: January 2015 Capital Commitments: $102.3M Cur
$176.8M Multiple (Gross & Net): 2.1x / 1.7x IRR (Gross & Net): 69.8% / 54.2% % of Fund Invested / Reserved: 100% Performance Drivers: Stash, Qonto, Octane, Petal, Jetty VALAR / 15 EFTA00810489 Valar Fund 3 / sTt Investing Made Simple VALAR / to EFTA00810490 STASH Par• ••••••••• 8.1
financing through Valar Fund 4 in September 2018. We also led the Seed and Series A rounds though Fund 3. I In aggregate, Valar funds own 25% of Qonto. Your finances on auto-pilot Saw time :a. 3 Monitor your expenses, for free4ancers and teams Make accounting easier Checkout ow, Snit:Waft Va
he Fall. Valar Fund 2 has invested $4.5M in Even, which is being held at cost. Tradelt is in the process of signing Master Services Agreements with Fidelity and several other massive financial institutions. These deals would put Tradelt in the position of managing all API access for these clients. Once
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
ber 2010 Pre-Money Valuation at Initial Investment: $98.8M Company Valuation at Time of Exit: $2.0B Other Key Investors: Accel, Matrix Capital, Fidelity, Blackstone, TCV VALAR I EFTA00810262 /7TransferWise TransferWise is a peer-to-peer currency exchange service that brings institutional prici
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
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