3
Shared Docs
3
Same-Page
3 / 3
Mentions
ndon, Berlin, Stockholm, Paris, Amsterdam), as well as the largest cities in North America outside of Northern California (e.g., New York, Toronto, Montreal) have fairly well established accelerator programs, angel investors and seed-stage investing communities. In particular, seed-stage venture firms t
nd Slovakia. 4 CONFIDENTIAL 8 TRADE SECRET I C-7 EFTA00609572 PORTFOLIO / BREATHER Breather - Private Office Space on Demand Brier Description Breather operates a marketplace for branded, high- design, private office spaces that fill a need for a short term. quiet place to work. meet or relax. Breat
tle, Los Angeles, all of which feed into Silicon Valley; Conlidcanal & Trade Secret EFTA00810410 VALAR 5 Private Placement Memorandum Toronto, Montreal, and Boston, which feed into New York; or Amsterdam, Stockholm, Helsinki, and Tallinn, which feed into London). In Fund 4, Valar intends to continu
nd 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/compliance software (Kato). Given t
is: Valar Current FMV: Multiple: N26 Headquarters: Securities Held: Initial Investment Date: Valar Cost Basis: Valar Current FMV: Multiple: Montreal and New York Series B Preferred Shares Series C Preferred Shares 9/10/2015 $25.5M $42.3M 1.7x Berlin Preferred A Shares Preferred B Shares
. An update on these major investments — and a few notes on some of the Fund's smaller investments - 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 beginn
Entities connected to both Montreal and Breather

Woody Allen
PERSON
Prince Andrew
PERSON
United States
LOCATION
Toronto
LOCATION
Peter Thiel
PERSON
McGill University
ORGANIZATION
Amsterdam
LOCATION
Oakland
LOCATION
Denmark
LOCATION
Stockholm
LOCATION
New Zealand
LOCATION
Salt Lake City
LOCATION
United Arab Emirates
LOCATIONVALAR
ORGANIZATIONAllen & Company
ORGANIZATION
Richard Branson
PERSON
Wellington
LOCATION
Hong Kong
LOCATION
Edmonton
LOCATION
University of Pennsylvania
ORGANIZATION