4
Shared Docs
4
Same-Page
4 / 6
Mentions
$10.4M 1.9x $99.3M Khosla Ventures, BoxGroup, Allen & Company VALAR / 14 EFTA00810488 Valar Fund
$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
th participation from Khosla Ventures, Box Group, Allen & Company and others. Company Description: Gran
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
Other Key Investors: Khosla Ventures, BoxGroup, Allen & Company VALAR I EFTA00810268 granify Gran
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
irm's portfolio companies. John joined Valar from Allen & Company, where he spent 3 years investing in t
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
Entities connected to both Woody Allen and Qonto

Prince Andrew
PERSON
United States
LOCATION
Peter Thiel
PERSON
New Zealand
LOCATION
Salt Lake City
LOCATION
Oakland
LOCATION
Montreal
LOCATION
Toronto
LOCATION
Walmart
ORGANIZATIONAllen & Company
ORGANIZATIONSilicon Valley
LOCATION
TechCrunch
ORGANIZATIONBay Area
LOCATION
Blackstone
ORGANIZATION
Fidelity
ORGANIZATION
Max Levchin
PERSON
Thiel Capital
ORGANIZATIONAndrew McCormack
PERSONVALAR
ORGANIZATIONBreather
PERSON