Valar Ventures

Valar Ventures is a US-based venture capital fund founded by Andrew McCormack, James Fitzgerald and Peter Thiel. The company has invested primarily in technology startups outside of the United States and has backed companies in countries spanning the globe, including Australia, New Zealand, Brazil, Canada, and the UK.[1] The firm originally spun out of Thiel Capital,[2] Peter Thiel's global parent company based in San Francisco, and is now headquartered near Union Square in New York City.[3]

Andrew McCormack and James Fitzgerald are the managing partners of the firm. Peter Thiel serves as its chairman.

Investments

Valar was notably the first US-based venture fund to invest in Xero. The fund made its initial investment in Xero in October 2010 at a company valuation of approximately $98 million.[4] Since then, the firm has spearheaded successive rounds of investment in Xero[5] as the company's market cap has grown to more than $4 billion as of February 2014.[6]

Valar initially raised approximately $32 million for a New Zealand-specific fund in 2010.[7] More recently, Valar has raised and made investments through additional funds, including investments in the following:

References

  1. ↑ Fitzgerald, James. "About". Valar. Valar. Retrieved 21 August 2014.
  2. ↑ "Thiel". Thiel Capital. Retrieved 21 August 2014.
  3. ↑ "PayPal's Peter Thiel brings venture capital firm to NYC". The Real Deal. Retrieved 21 August 2014.
  4. ↑ Drury, Rod. "Peter Thiel to Invest in Xero". Xero. Retrieved 25 July 2014.
  5. ↑ Hammond, Michelle (3 December 2012). "Peter Thiel-backed fund pours further investment into Xero". Startup Smart. Retrieved 29 July 2014.
  6. ↑ Stewart, Sam (2014-02-18). "Xero valued at NZ$5.1 billion: 3.1 million customers by 2020?". Commercial and Financial Advisor. Retrieved 29 July 2014.
  7. ↑ Gobry, Pascal-Emmanuel. "Facebook Billionaire Peter Thiel Raises New Venture Fund To Invest In His 'Utopia'". businessinsider.com. Retrieved 25 July 2014.
  8. ↑ Olanoff, Drew (17 September 2015). "Breather Raises $20M From Peter Thiel’s Valar Ventures To Expand Its On-Demand Private Room Business". TechCrunch. Retrieved 5 October 2015.
  9. ↑ Ha, Anthony (2012-12-12). "Canopy Labs Raises $1.5M To Make Customer Analytics More Accessible". TechCrunch. Retrieved 25 July 2014.
  10. ↑ "Monashees Capital, Napkn Ventures, Ribbit Capital, Valar Ventures Invests in ContaAzul". Maandate. Retrieved 25 July 2014.
  11. ↑ Empson, Rip (6 February 2014). "Descomplica Lands $5M from Social+Capital, AngelList's First International Syndicate To Become Brazil's Go-To Online Classroom". Tech Crunch. Retrieved 25 July 2014.
  12. ↑ "Granify raises $1.5M make all online stores convert as well as Amazon.com". Reuters. 6 November 2013. Retrieved 25 July 2014.
  13. ↑ "Our new financing round - welcome Peter Thiel’s Valar - NUMBER26". NUMBER26. Retrieved 2016-01-04.
  14. ↑ Mac, Ryan (2 October 2012). "Billionaire Investor Peter Thiel Taps Into Brazil With New Furniture Startup". Forbes. Retrieved 25 July 2014.
  15. ↑ "Valar Ventures Joins $8.7M Series A for ScriptRock". citybizlist. 2014-08-21. Retrieved 21 August 2014.
  16. ↑ Scott, Mark (2013-05-13). "Thiel Brings Money and Some Credibility to Europe". New York Times. Retrieved 25 July 2014.
  17. ↑ Scott, Mark (2014-06-09). "A Lift for One of London's Financial Tech Start-Ups". The New York Times. Retrieved 21 August 2014.
  18. ↑ Keall, Chris (2014-03-26). "Vend raises $US20 million in deal that sees Peter Thiel's Valar, Square Peg holding 20% of shares". The National Business Review. Retrieved 25 July 2014.
  19. ↑ Lunden, Ingrid (Oct 13, 2013). "Xero Zeros In On Another $150M To Do Battle With Intuit In The World Of Online SMB Accounting Software". Tech Crunch. Retrieved 21 August 2014.
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