CONFIDENTIAL 8 TRADE SECRET I C-II EFTA00609576 PORTFOLIO / GRANIFY Granify - Machine Learning for Maximizing Online Revenue Brier Description Granify is a marketing automation company that drives ecommerce conversion by analyzing the digital body language of online shoppers and determining what i

estment: $28M Current Company Valuation: $37M Other Key Investors: Khosla Ventures, BoxGroup, Allen & Company VALAR I EFTA00810268 granify Granify maximizes revenue for online retailers by identifying shoppers that aren't going to buy and changing their mind while they're still on the site by

r and larger size deals it hopes to close this year. 3 I CONFIDENTIAL & TRADE SECRET VALAR EFTA00810513 VALAR SUMMER 2017 UPDATE Fund 2 Review Granify has continued to solidify its enterprise sales team and revenue has started showing the results of the effort to improve their sales capability that

8> =u> The highlights are:<=> <=p> • (As you know) We closed Fund II in Janua=y at $102M. - We comp=eted our first major investment for Fund II (Granify) in Februar= and have two more companies in the final stages. =/cliv> Valar Fund I assets invested: $92.5M </=> Gross & Net multiples: 3.8X = 3.1