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$94.8M 1.4x / 1.3x 208.5% / 146.8% N/A 90% As used throughout this presentation, "Fund I" refers to all funds and investment vehicles managed by Valar Ventures Management LLC prior to the formation of Valar Global Fund 2, on an aggregate basis. "Fund 2" refers to Valar Global Fund 2 LP and Valar Global Principals Fund 2 L
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
solicitation to buy, sell or hold any securities. Except where otherwise indicated. "Fund I" refers to all funds and investment vehicles managed by Valar Ventures Management LLC, on an aggregate basis, prior to the formation of Valar Global Fund II LP, "Fund 2" refers to Valor Global Fund II LP and Valar Global Principals Fun
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
solicitation to buy, sell or hold any securities. Except where otherwise indicated, "Fund I" refers to all funds and investment vehicles managed by Valar Ventures Management LLC prior to the formation of Valar Global Fund II LP, on an aggregate basis, "Fund 2" refers to Valar Global Fund II LP and Velar Global Principals Fun
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 Ventures Management LLC and Google Ventures
Allen & Company
ORGANIZATIONBreather
PERSONVALAR
ORGANIZATION
Fidelity
ORGANIZATION
Woody Allen
PERSONMenlo Ventures
ORGANIZATIONRibbit Capital
ORGANIZATIONAlven Capital
ORGANIZATIONKindred
ORGANIZATION
Khosla Ventures
ORGANIZATIONQonto
PERSON
Prince Andrew
PERSONWellington Partners
ORGANIZATIONGranify
PERSON
Max Levchin
PERSON
United States
LOCATION
Peter Thiel
PERSONIA Ventures
ORGANIZATIONBoxGroup
ORGANIZATIONSandy Robertson
PERSON