of Initial Investment: September 2016 Pre-Money Valuation at Initial Investment: €5.3M Current Company Valuation: €41.7M Other Key Investors: Alven Capital VALAR I 36 EFTA00810274 Jetty Jetty is a new kind of insurance company designed to help people in cities reach their goals faster by removi

ut ow, Snit:Waft Valar Cost Basis: $27.0M Current FMV: $52.3M Gross Multiple: 1.9x Current Company Valuation: El 55.0M Other Key Investors: Alven Capital I VALAR / 26 EFTA00810500 Valor Fund 41 CO :'A Digital, Flexible, Affordable Insurance EFTA00810501 Valar Fund 4 / •,,I I >1111C II IS

017, Valar led Qonto's E10M Series A financing with participation from Alven Multiple: 1.3x Capital, after Valar co-led the Series Seed round with Alven Capital in September 2016. Jetty Headquarters: New York Securities Held: Series A Preferred Stock Initial Investment Date: 7/17/17 Valar Cost Basis: