r US$100 million enterprise valuation, the company has raised capital from large US institutions. such as Fidelity and BlackRock, and has listed on the Australian Stock Exchange. Xero currently trades on both the ASX and NZX at a valuation north of US $1.5 billion. and has announced plans to list on a US exchange as early a

pdates  In 2010, Xero became Valar's first investment, with a $3M check at a $100M valuation.  Today, Xero is a $4B company, publicly traded on the Australian Stock Exchange.  In 2017, Valar sold 95% of its holdings, distributed close to $100M in cash and stock to our investors. Valar Global Fund I still retains a sma