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Pre-Money Valuation at Initial Investment: €44.0M Current Company Valuation: €55.8M Other Key Investors: Earlybird Capital, Wellington Partners VALAR I 29 EFTA00810267 Even Even is a financial app that ensures hourly workers always get at least their average pay. By offering consistency, E
ther N26 Jetty VALAR Follow-On Investors: qTransferWise • N26 al6z IVP Accel Matrix Capital (f)breather STASH Horizons Battery Menlo Google Ventures kalo Coatue Jim Breyer SciFi VC (Max Levchin) VALAR I 14 EFTA00810252 Investment Discipline VL AP EFTA00810253 Strict Investment Disc
s, Third Prime Capital, Contour VALAR / 19 EFTA00810493 Valar Fund 3 / Performance Drivers Petal Credit Underwriting Without FICO ca\ \GIs:0 VALAR / 20 EFTA00810494 Valar Fund 3 / ['orlon-Imre,' Drivers Petal Updates Product went live in July with 5,000 cards issued to date. Forecast to
lar Cost Basis: Current FMV: Gross Multiple: Current Company Valuation: Other Key Investors: $25.5M $42.3M 1.7x $295.6M RRE, Menlo Ventures, Google Ventures, Temasek Valar Fund 2 owns 14.3% of Breather. VALAR / 10 EFTA00810484 Valar Fund 2! Pcfrormoncc kalo Work with Anyone, Anywhere EFTA008104
VALAR Summer 2017 Update EFTA00810510 VALAR SUMMER 2017 UPDATE Fund 1 Review FUND I PORTFOLIO UPDATE Fund 1 continues to perform well, with a 3.5x n
ents - follows. In our last update, we announced that Breather had raised a Series C round led by Venky Ganesan of Menlo Ventures in November 2016. Google Ventures subsequently invested $5 million at the beginning of 2017 as part of an extension of that round, bringing the companies post-money valuation to $25
Entities connected to both VALAR and Google Ventures

Peter Thiel
PERSON
Woody Allen
PERSONBreather
PERSONAllen & Company
ORGANIZATION
Prince Andrew
PERSON
Fidelity
ORGANIZATION
United States
LOCATIONValar Ventures Management LLC
ORGANIZATIONQonto
PERSONMenlo Ventures
ORGANIZATION
Max Levchin
PERSON
Khosla Ventures
ORGANIZATIONRibbit Capital
ORGANIZATIONKindred
ORGANIZATIONAlven Capital
ORGANIZATIONWellington Partners
ORGANIZATION
Toronto
LOCATIONGranify
PERSONTransferwise
PERSONFund 3
ORGANIZATION